Alibaba Stock Surges to Four-Year High Amid $53 Billion AI Investment Plan

Alibaba Group's shares (BABA/HK:9988) rallied to HK$174.60, a peak unseen since 2020, following CEO Eddie Wu's announcement of a $53 billion AI investment commitment. The three-year plan, first outlined in February, targets advanced AI infrastructure and model development, positioning Alibaba as a full-stack AI provider.

The launch of Qwen3-Max—a trillion-parameter model specializing in code generation and autonomous agents—signals Alibaba's aggressive play in the global AI race. Zhou Jingren, Alibaba Cloud's CTO, emphasized the model's technical ambitions during the Hangzhou conference.

With global AI spending projected to hit $4 trillion within five years, Alibaba's cloud division is expanding its footprint. New data centers in Brazil, France, and the Netherlands will complement existing operations across the U.S. and Australia.