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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba Stock Breaks Past 52-Week High As AI Frenzy Heats Up

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Alibaba Group (NYSE:BABA) stock closed approximately 5% higher on Monday, a surge driven by growing investor confidence in the company’s aggressive push into cloud computing and artificial intelligence.

This rally positioned Alibaba as the best-performing Chinese tech stock in September, according to a Bloomberg report.

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