Forget Nvidia: This Could Be the Most Underrated AI Stock to Buy Right Now [Yahoo! Finance]
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Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
While the chipmaker's growth prospects are undoubtedly amazing, is the stock really worth paying more than 70 times earnings for? For many investors, the answer has been a resounding yes -- the chipmaker's market cap is up by around 150% this year to $3 trillion. But if you're worried that Nvidia's high valuation could limit its returns in the future, then you might want to consider other stocks involved with artificial intelligence (AI) that could have more upside. One worth considering is Alibaba Group (NYSE: BABA) Alibaba is using AI to grow internationally Alibaba is a tech giant in China, but it has promising growth opportunities in other markets as well. And it's taking a page out of the handbooks of some of its e-commerce peers with its efforts to use AI to make it easier for sellers on its platform to reach customers in other countries. With the help of AI, merchants can overcome foreign language barriers, sort out disputes with customers, and easily create description
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- The used car market is projected to grow by USD 857.1 billion from 2024-2028, driven by rising competition and new car models, with AI influencing market trends - Technavio [Yahoo! Finance]Yahoo! Finance
- Mastercard Partners Alibaba.com to Launch a New Credit Card [Yahoo! Finance]Yahoo! Finance
- Alibaba to allow payment through Tencent's WeChat Pay for the first time on e-commerce apps [MSNBC.com]MSNBC.com
- China's Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report [Yahoo! Finance]Yahoo! Finance
- Ant Group Sees 300% Rise in International Users Adopting Mobile Payment in China in 2024 [Yahoo! Finance]Yahoo! Finance
BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 9/6/24 - Form 6-K
- 9/5/24 - Form 6-K
- 8/30/24 - Form 6-K
- BABA's page on the SEC website