BREAKING: Tech Futures Rise As Micron Easily Beats Views U.S.-listed Alibaba Group (BABA) stock rocketed higher in premarket trading Wednesday after its leadership pledged to boost spending on AI initiatives. Shares of the Chinese e-commerce and cloud-computing giant were poised to reach a new 52-week high. Alibaba expects to spend more than its previously announced target of $53 billion for AI infrastructure, Chief Executive Eddie Wu said at an industry conference in China Wednesday. The announcement comes ...