Why Alibaba Stock Was Falling Today

Shares of Alibaba (BABA -9.75%) were taking a dive today after investors balked at the company's big spending plans in cloud and artificial intelligence (AI).As a result, the stock was down 9.7% as of 11:24 a.m. ET. Alibaba faces investor skepticismIt's not unusual for investors to react poorly to massive capital expenditure layouts and it seems like that's what's happening here.The Chinese tech giant, best known for its Tmall and Taobao e-commerce platforms, said today that it plans to invest at least $53 ...