We recently published a list of Top 12 AI Stocks Dominating the Market Right Now. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against other top AI stocks dominating the market right now.

King Nvidia Earnings Ahead. Please click here for an enlarged chart of Chinese e-commerce company Alibaba Group Holding Ltd

Apple Inc.’s iPhones will use Alibaba Group Holding Ltd.’s AI technology, the Chinese firm’s chairman said, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world’s top mobile arena.

Alibaba Group has announced a massive investment of 380 billion yuan ($52.44 billion) into generative AI and cloud computing infrastructure over the next three years. This sum surpasses Alibaba’s entire cloud and AI budget from the last decade.

Chinese e-commerce giant Alibaba Group Holding saw revenue rise 8 per cent in the December quarter to beat analysts’ estimates, as the company’s cloud computing services unit posted strong growth. The Hangzhou-based tech conglomerate on Thursday reported total revenue of 280.

Alibaba Group Holdings (NYSE:BABA) rallied in early trading on Thursday after issuing its FQ3 earnings report. The online retail giant reported an adjusted net profit of 51.07 billion yuan ($7.01 billion),

Apple has officially partnered with Alibaba to bring Apple Intelligence AI features to the iPhone in China. Alibaba Group

Alibaba Group Chairman Joe Tsai confirmed the company is partnering with Apple to help it roll out AI for iPhones sold in China.

Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.

Alibaba Group Holding Ltd. (NYSE: BABA) has announced an investment of 380 billion yuan ($53 billion) for its cloud computing and AI infrastructure, making it the largest private computing project to date.

Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and Artificial Intelligence infrastructure.