Analyst on Alibaba’s (BABA) AI Race With US Companies: ‘It’s Going to be Tough For Them’
We recently published 10 Stocks to Watch Ahead of Q3 Earnings Season. Alibaba Group Holding Limited (NYSE:BABA) is one of the stocks that Wall Street analysts are discussing these days. Cory Johnson from Epistrophy Capital said in a recent program on Schwab Network that Alibaba Group Holding Ltd – ADR (NYSE:BABA) stock surge following its latest announcement to boost AI spending was “amazing.” However, the analyst believes competing with US companies in the AI race won’t be easy for the Chinese tech giant ...