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Posted by
Two Blokes Apr 23 -
Filed in
Stock
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3 views
Alibaba Group Holding Limited's stock is up 43% since my last update, outperforming the S&P 500, and I believe the recovery rally is just beginning. Alibaba's core e-commerce and cloud businesses, boosted by AI investments, position the stock for a significant rebound; I reiterate my "Buy" rating. Alibaba's Q3 results show strong growth in net income and cloud revenue, with AI-related revenues maintaining triple-digit growth for six consecutive quarters.
