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Billionaire Investors David Tepper and Michael Burry Just Piled Into Alibaba. Is It Time to Buy the Stock Hand Over Fist?
BABABABA(BABA) fool.com·2024-05-21 14:15

Here's why investors should consider adding the Chinese tech giant to their portfolios.Alibaba (BABA -1.82%) stock is becoming more popular with billionaire investors. Two well-regarded hedge fund managers greatly increased their stakes in the company during the first quarter.David Tepper of Appaloosa Management made the Chinese e-commerce giant his top holding after more than doubling his position in Q1. Alibaba now represents about 12% of his portfolio. Tepper is worth an estimated $20 billion, according ...