Alibaba Group Holding Limited (NYSE:BABA) saw its stock soar by 13% after reporting a stellar earnings performance in the first quarter of fiscal year 2026. The company’s net income attributable to shareholders surged by 67% to 40.65 billion yuan, driven by mark-to-market changes from equity investments. Revenues grew by 1.89% to 247.6 billion yuan, with a 10% year-on-year growth excluding revenue from disposed businesses. CEO Eddie Wu highlighted strong growth in consumption and AI + Cloud, with a focus on investing in these strategic pillars for long-term growth. Investors interested in AI stocks may find better opportunities with higher returns and limited downside risk.

Read more at Yahoo Finance: Alibaba (BABA) Rockets by 13% After Stellar Earnings