Alibaba shares surge as AI boom drives cloud unit sales
Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher. Still, the Chinese giant's revenues came in under analyst forecasts. U.S.-listed shares of the Chinese giant had gained nearly 13% on Friday after the company announced results. On Monday, Alibaba's Hong Kong-listed shares surged more than 19% before paring some gains. Here's how Al