Alibaba stock is flying higher, two days after Cathie Wood’s first purchase since 2021
1. Cathie Wood invested $16.3 million in Alibaba stock this week. 2. Alibaba shares rose 9% following its technology conference. 3. Alibaba's U.S. shares have gained 92% year-to-date, reflecting strong growth. 4. The company plans increased spending on cloud and AI infrastructure. 5. Collaboration with Nvidia aims to enhance humanoid robot development.