Alibaba’s $52 Billion AI Gamble—Will It Pay Off or Sink the Stock
Alibaba (NYSE:BABA) has just dropped a financial gauntlet, unveiling an astounding $52.4 billion commitment to artificial intelligence and cloud computing over the coming three years—an amount that eclipses its entire past decade of investment in the sector. Yet, Wall Street’s reaction was anything but celebratory. Premarket trading saw shares tumble nearly 4%, as investors grappled … Read more