Alibaba Group Holding Ltd. (BABA) shares are surging more than 8 percent on Monday pre-market hours. Currently, shares are at $163.43, up 8.16 percent.
Alibaba shares have been on an uptick since January 9 and today came in to an year-to-date high.
The exponential growth of Artificial Intelligence infrastructure has helped the e-commerce giant recently. Alibaba Cloud's AI-related product revenues have recorded triple-digit growth.
The company's performance throughout 2025 was impressive and the stock's 52-week range was 80.06 - 192.67.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.