Alibaba
shares soared in Hong Kong and U.S. premarket trading on Wednesday after the company said it will invest more in artificial intelligence and rolled out new AI products and updates.
The tech giant’s Hong Kong-listed shares jumped over 6%, to reach their highest point since 2021. Total gains over the year-to-date topped 107%.
In the U.S., shares
were 9.3% higher in premarket trade at 4.21 a.m. ET.
