Alibaba's stock rallies as continued AI growth helps fuel a profit beat
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Alibaba's stock surged following a profit beat, driven by the AI business's continued triple-digit growth.
November 15, 2024 | 1:00 pm
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Alibaba's stock experienced a significant rally due to a profit beat, largely attributed to the AI business's sustained triple-digit growth.
The article highlights Alibaba's stock rally following a profit beat, which was significantly driven by the AI business's impressive growth. This suggests a positive short-term impact on Alibaba's stock price as investors react to the strong performance and growth potential in the AI sector.
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