Alibaba Stock Spikes 7.6% In Hong Kong As CEO Eddie Wu Reportedly Plans To Expand $53 Billion AI Spending

Alibaba Stock Spikes 7.6% In Hong Kong As CEO Eddie Wu Reportedly Plans To Expand $53 Billion AI Spending

Shares of Chinese e-commerce giant, Alibaba Group (BABA), are surging amid 24-hour trading on Robinhood. The stock rose 7.98 to $176.10 on the platform popular with retail traders.br Alibaba Stock Is Spiking In Hong Kongbr br The stock is also spiking on the Hong Kong Stock Exchange, where it is up 7.59 at HKD 171.50 ($22.06) at the time of writing, after the company’s CEO, Eddie Wu, announced that it will be expanding its already massive investment outlay in AI infrastructure.


User: Benzinga

Views: 14

Uploaded: 2025-09-24

Duration: 01:05

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