Alibaba Stock Is Soaring Friday: What's Going On?
BABA stock surged nearly 5% as AI investments pay off and consumer discretionary stocks rally. Get the latest technicals and analyst targets.
Alibaba's stock jumped up about 5% because people got excited about its artificial intelligence work and shopping stocks in general were doing well. When a big company's stock suddenly rises and people are talking about their new technology, it's worth noticing whether the company is actually making progress on those projects.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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