Why Alibaba Stock Soared Today

Investors are getting more excited about the online retail giant's artificial intelligence (AI) initiatives.Shares of Alibaba Group (BABA +10.17%) leaped on Monday, following several positive developments for the Chinese commerce and cloud computing titan.By the close of trading, Alibaba's stock price was up more than 10%. Alibaba is becoming a formidable force in the AI arenaThe South China Morning Post (which is owned by Alibaba) highlighted a report from AIBase showing that Alibaba's Qwen artificial int ...