Alibaba: The AI Bet Has Potential

David Becker Since the last time I wrote about China’s e-commerce behemoth Alibaba Group Holding (NYSE:BABA) in December last year, its stock price has gone nowhere, with a ~2% decline since. Year-to-date [YTD], it has seen an even bigger fall (see chart below). This is hardly surprising considering that the company's third quarter (Q3 FY24) figures released since have continued to be uninspiring. However, the company is betting on AI to drive it forward, which certainly has potential. Here, I consider  ...