Alibaba Stock Soars on AI Spending Hike. How Its Hot Streak Could Keep Going.
1. Alibaba's ADRs rose 9% following an AI announcement. 2. Plans to open new data centers and increase AI investment. 3. Stock price almost doubled this year, highest since 2021. 4. Positive sentiment supported by Jack Ma's return to leadership. 5. Regulatory risks remain a concern for future growth.