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Wajeeh Khan

Alibaba Shares Are Gaining on AI Optimism. Here's What to Know.

BABA Alibaba

Alibaba (BABA) shares ripped higher on Wednesday following an interim corporate update that signaled robust AI growth and clear signs of operational stabilization.

The bullish momentum even saw BABA break above its 20-day moving average (MA), signaling bulls are now starting to take back control for the near term.

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