Alibaba Group stock jumped 6.35% on the Hong Kong Exchange Friday morning, extending its remarkable 83.95% year-to-date gains as investors reacted positively to the Chinese e-commerce giant’s aggressive artificial intelligence expansion strategy and $3.2 billion fundraising.
Alibaba Stock Pops 6% In Hong Kong As Homegrown AI Chips Rival Nvidia’s H20, $3.2 Billion Bond Raise Fuels Rally
