On Tuesday, Databricks announced it had raised more than $4 billion at a $134 billion valuation for its Series L.

Alibaba (NYSE: BABA) continues to invest in AI and cloud computing for long-term growth. Its stock is up 77% YTD.

Alibaba Group Holding has validated its tremendous resilience in China's e-commerce and cloud sectors, defying previous "uninvestable" concerns around Chinese equities. BABA's AI-driven initiatives ...