Should You Buy Alibaba ETFs as Stock Surges on AI Investment Push?

Alibaba (BABA) shares surged to their highest price in nearly four years after unveiling renewed plans to boost artificial intelligence (AI) spending beyond its original $50 billion-plus commitment, per a Bloomberg article, as quoted on Yahoo Finance. Chief Executive Officer Eddie Wu forecasted that global AI investment could grow to roughly $4 trillion over the next five years, and Alibaba seeks to keep pace with that momentum, the Bloomberg article noted.The very Bloomberg article added that the Alibaba C ...