Alibaba's stock hits 3-year high at $147.57 due to optimism over AI initiatives

From Stocktwits: 2025-03-18 03:48:18

Alibaba’s U.S.-listed shares hit a more than three-year high of $147.57, boosted by optimism over its AI initiatives. The company’s Hong Kong shares were up more than 5% on Tuesday, driven by strategic AI initiatives by founder Jack Ma. CEO Eddie Wu has instructed staff to adopt AI across functions to spur growth. Chinese internet stocks, including Alibaba, gained on Monday, partly supported by Beijing’s new stimulus measures. Retail sentiment for Alibaba on Stocktwits ended on a ‘bearish’ note, despite analysts’ ‘buy’ ratings and an average price target of $161.74.



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