Why Alibaba is the ultimate AI play, according to investor Scott Nations

News Snapshot:

Alibaba still hasn't run out of steam despite soaring nearly 70% in the first seven weeks of 2025, according to Scott Nations of Nations Indexes. The firm's president and chief investment officer joined CNBC's " Power Lunch " on Friday to offer his take on the Chinese e-commerce platform, along with a pair of other market movers. Here's what he had to say. Alibaba Shares of Alibaba ended Friday almost 6% higher and reached a fresh 52-week high following a report in The Wall Street Journal that GameStop CEO and billionaire investor Ryan Cohen upped his personal stake in the...