Alibaba’s Stock Price Surges: What’s Behind the Stock’s Recent Rally?
Alibaba’s (NYSE: BABA; HKEX: 9988) stock has staged an impressive rebound, climbing sharply after its latest earnings call. The numbers themselves were hardly eye-catching, but investors focused on something different. Management stressed a new story built around cloud computing, artificial intelligence, and overseas growth. That shift in focus gave the market a reason to take a fresh look at the company, even as challenges in its core e-commerce business remain.Earnings BreakdownAlibaba’s first quarter of ...