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Alibaba (BABA) Hits New High on $53-Billion AI Bet

We recently published 10 Stocks Crushing Wall Street, AI Stocks Dominate. Alibaba Group Holding Ltd. (NYSE:BABA) is one of the top performers on Tuesday. Alibaba Group soared to a new all-time high on Wednesday, as investors gobbled up shares after boosting its investments in artificial intelligence (AI) to 380 billion yuan (53billion)andpartneringwithNvidiaCorp.tosupporttheprogram.Inintradaytrading,AlibabaGroupHoldingLtd.(NYSE:BABA)climbedtoitshighest52weekpriceof53 billion) and partnering with Nvidia Corp. to support the program. In intra-day trading, Alibaba Group Holding Ltd. (NYSE:BABA) climbed to its highest 52-week price of 180.16 bef ...