China Is Stepping in to Help Alibaba Amid a Major Price War. Does That Make BABA Stock a Buy Here?

Alibaba (BABA) shares are rallying this morning after China announced a new action plan aimed at accelerating artificial intelligence (AI) adoption in manufacturing. The initiative dubbed “AI+ Manufacturing” will fund thousands of Beijing’s “little giant” startups, helping them invest more in research and development (R&D). More News from Barchart Even after today’s surge, Alibaba stock is down more than 11% versus its 52-week high. www.barchart.com What AI+ Manufacturing Initiative Means for Alibaba ...