Alibaba Surges 107% After Boosting AI Budget Beyond $50 Billion And Reporting Strong Cloud Growth

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Alibaba Surges 107% After Boosting AI Budget Beyond $50 Billion And Reporting Strong Cloud Growth

benzinga.com/markets/tech/25/09/47868057/alibaba-surges-107-after-boosting-ai-budget-beyond-50-billion-and-reporting-strong-cloud-growth

Alibaba Group (NYSE: BABA) stock climbed to its highest level in nearly four years after the company announced it would increase artificial intelligence spending beyond its previously disclosed $50 billion-plus target. The stock is trading lower on Thursday, but it is still up 107%…

This story appeared on benzinga.com, 2025-09-25 14:50:08.