$Alibaba (BABA.US)$ has seen its shares surge for five consecutive weeks, with a cumulative gain of 48% since mid-January. On Wednesday, the stock briefly touched $119, surpassing the rapid rally witnessed in September 2024, driven by shifts in macroeconomic policy.
By midday Thursday in Asia, Alibaba confirmed a partnership with Apple Inc. to develop AI features for iPhones in China, sending its stock up m...