Alibaba Stock Soars on AI Spending Hike. It's Not Been This Hot Since 2017. It Can Keep Going.
1. Alibaba's ADRs rose 9% after announcing AI investments and new data centers. 2. New AI model Qwen3-Max launched, indicating aggressive AI expansion strategy. 3. Stock nearly doubled this year, reaching highs not seen since 2021. 4. Jack Ma's return may restore investor confidence amid challenges. 5. Regulatory risks persist, potentially impacting revenue outlook for Alibaba.