
"Were seeing shares soaring, and this is after it hiked its AI budget past $50 billion. Stock is up as much as 10%. The CEO is saying that he anticipates overall investment in AI accelerating to some $4 trillion worldwide over the next five years."
Alibaba has significantly increased its AI budget to over $50 billion, fueling a strong intraday surge and reaching its highest levels since October 2021. The CEOs optimistic forecast about a $4 trillion global AI investment over the next five years underscores a robust bullish outlook for the company.
Oracle Drops, Alibaba Soars, Adobe Drops on Morgan Stanley Downgrade
September 24, 2025
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