Alibaba’s (BABA) stock price has surged again in Wednesday morning trading, reaching a two-year high as investors gain confidence in the company’s artificial intelligence (AI) strategy. The company’s partnership with Apple is believed to be contributing to this momentum.
According to reports, Alibaba and Apple have submitted AI tools to Chinese regulators for approval. This move could further boost Alibaba’s AI efforts and drive growth. In recent weeks, Alibaba stock has rallied after breaking out above a buy point on an 82-day cup-with-handle pattern.
The company’s strong start to 2025 is expected to be tested next Thursday when it reports its fiscal third quarter earnings results. However, for now, investors are optimistic about the company’s prospects.
As of Wednesday morning, Alibaba stock was up more than 5% at $118.52, representing a 12% gain this week and a 37% increase in 2025. The company’s AI efforts have been gaining traction, with recent releases such as an AI model that outperforms rival DeepSeek models.
Alibaba’s momentum is also reflected in its IBD Composite Rating of 92, which combines five proprietary ratings into one score. This rating suggests that the company has strong growth potential and is closely watched by investors.
Source: https://www.investors.com/news/technology/alibaba-stock-apple-iphone-ai-baba-stock-news