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Alibaba Shares Jump on AI Gains as Momentum Continues. Is It Too Late to Buy the Stock?
Alibaba (NYSE: BABA) shares got a nice boost following the Chinese company's fiscal third-quarter results, which showed a nice rebound in its e-commerce business as well as strong artificial intelligence (AI) growth.The stock has had a tough past five years, losing about a third of its value, but it has been rallying lately. The stock is now up about 70% year to date and has nearly doubled over the past year as of this writing.Let's take a closer look at Alibaba's most recent earnings to see if the stock's rally can continue.Continue reading
Alibaba (NYSE: BABA) shares got a nice boost following the Chinese company's fiscal third-quarter results, which showed a nice rebound in its e-commerce business as well as strong artificial intelligence (AI) growth.
The stock has had a tough past five years, losing about a third of its value, but it has been rallying lately. The stock is now up about 70% year to date and has nearly doubled over the past year as of this writing.
Let's take a closer look at Alibaba's most recent earnings to see if the stock's rally can continue.
