Why Alibaba Was Outpacing the Broader Stock Market Today

A top figure at Alibaba (NYSE: BABA) basically reiterated the company's commitment to artificial intelligence (AI) technology over the weekend, and on Monday, the stock market rewarded the company for this. Shares of the Chinese e-commerce and tech giant were rising by nearly 2% in mid-session trading that day, easily topping the 0.2% slump of the S&P 500 (SNPINDEX: ^GSPC) during that time. Wang Jian, the founder of Alibaba's powerful cloud computing unit, gave an extended interview to Bloomberg that was posted on Sunday. In it, he spoke extensively about what he considers to be the future of AI. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool