Alibaba Shares Soar Most Since 2022 After Making Headway in AI

Alibaba Group Holding Ltd.’s stock leapt more than 18% after reporting a surge in revenue from AI, underscoring the steady progress it’s making against rivals in a post-DeepSeek Chinese development frenzy.
See also  China’s AI Chip Boom Fuels Cambricon, Alibaba Stock Rallies