Alibaba Stock Rallies After AI Price Hikes. Earnings Are Due Soon.

Alibaba Stock Rallies After AI Price Hike. Earnings Are Due Soon. | Investor's Business Daily BREAKING: PPI Inflation Comes In Hot With Fed Decision Due U.S.-listed Alibaba Group (BABA) stock jumped in early trading Wednesday, after the Chinese tech giant published a notice that it would raise prices for AI cloud services. Alibaba earnings are due Thursday morning. "Due to the surge in global AI demand and rising supply chain costs, the procurement costs of core hardware in the industry have increased signi ...