Alibaba Shares Rise on AI Strength. Can the Stock's Momentum Continue?
News that the company is developing a new AI chip also excited investors.Alibaba (BABA 2.69%) shares jumped after the Chinese company continued to show signs of a turnaround, led by strong growth in its e-commerce and cloud computing segments. The stock is now up nearly 60% on the year, as of this writing.Let's take a closer look at Alibaba's most recent earnings and future prospects to see if the stock can continue its momentum. AI excitementAlibaba's cloud computing business grabbed headlines, as revenue ...