Alibaba Stock Pops 6% In Hong Kong As Homegrown AI Chips Rival Nvidia's H20, $3.2 Billion Bond Raise Fuels Rally | NYGazet

Alibaba Group stock jumped 6.35% on the Hong Kong Exchange Thursday morning, extending its remarkable 83.95% year-to-date gains as investors reacted positively to the Chinese e-commerce giant's aggressive artificial intelligence expansion strategy and $3.2 billion fundraising.

Alibaba Group Holding Limited BABA BABAF jumped 6.35% to HK$152.40 ($19.58) on the Hong Kong Exchange on Thursday morning, extending its remarkable 83.95% year-to-date gains as investors reacted positively to the Chinese e-commerce giant’s aggressive... [2304 chars]