Alibaba Stock Skyrockets on $53B AI Push – Hits 4-Year High, Experts Bullish
Alibaba shares surged nearly 10% to about $177 on September 24, 2025, hitting a four-year high after the company announced a $53 billion AI investment and new partnerships with Nvidia. The company unveiled its most advanced AI model, Qwen3-Max, and reported 26% year-on-year cloud revenue growth for the June quarter. Wall Street raised price targets, with Bank of America and Barclays citing strong AI prospects.