Why Alibaba's stock remains interesting despite the strong rise
Alibaba to invest more than $52 billion in AI and cloud over the next three years
This should keep the company well-positioned to meet the rising demand for cloud computing services in the coming years.
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Large Chinese technology companies have recently intensified their efforts to boost the growth of their AI business. This includes Alibaba. The trading platform plans to invest more than $52 billion in AI and cloud infrastructure over the next three years to capitalize on more opportunities in the age of AI. The spending will surpass the company's investments in AI and cloud computing over the past decade, Alibaba announced on February 24, 2025, in a post on its news site. The company initially did not disclose details about the allocation of funds...
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