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Alibaba Is Spending Billions to Scale Up Its Data Centers. Is It Time to Buy BABA Stock Now?

Alibaba (BABA) is doubling down on areas that could define its next chapter of growth, particularly artificial intelligence (AI) and global expansion. The Chinese technology giant is raising $3.2 billion through convertible senior notes, with most of that capital earmarked for scaling its cloud infrastructure.  The market has responded with enthusiasm as Alibaba shares closed 8% higher on Sept. 11. Notably, Alibaba stated that about 80% of the proceeds will go toward expanding data centers, upgrading tech ...