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Alibaba Is Spending Billions to Scale Up Its Data Centers. Is It Time to Buy BABA Stock Now?
Yahoo Finance· 2025-09-12 23:53
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 ...