Why Alibaba Was Outpacing the Broader Stock Market Today
The company has a clear-eyed strategy for advancing the development of artificial intelligence (AI).A top figure at Alibaba (BABA 1.71%) basically reiterated the company's commitment to artificial intelligence (AI) technology over the weekend, and on Monday, the stock market rewarded the company for this. Shares of the Chinese e-commerce and tech giant were rising by nearly 2% in mid-session trading that day, easily topping the 0.2% slump of the S&P 500 (^GSPC -0.12%) during that time. Not so-cloudy visionW ...