Bullish bets increase! AI ambitious, Alibaba (BABA.US) occupies the "top spot" among Chinese technology stocks.

Due to spending on artificial intelligence projects, Alibaba has once again become China's hottest technology stock. Investors are flocking back to the stock market of this $420 billion internet giant. On Wednesday, Alibaba (BABA.US) stocks rose significantly, with gains reaching as high as 10% and ultimately closing 8% higher. Its Hong Kong stocks have also risen by 50% so far in September, making it the best-performing stock in the Hang Seng Tech Index.