China's Top AI Play - Alibaba $BABA (Patreon)
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We are in this now since late 2023 and I still hold it all
It was trading at nearly their cash balance when we entered and still trading at a PE under 20... so still cheap but Chinese Stocks are not trusted by most, but alpha is alpha to me as long as it does not harm anyone.
Alibaba’s AI-Driven Surge
Alibaba’s shares have surged 49% in Hong Kong this month (the largest gain in the Hang Seng Tech Index) and 31% in New York.
Its gains rival U.S. AI leaders, including Nvidia.
Investment & Strategy
Alibaba plans to spend over 380 billion yuan ($53 billion) on artificial intelligence. They recently inked a deal with Nvidia, strengthening its cloud and AI ambitions.
Investors are beginning to see Alibaba as more than just an e-commerce company — increasingly as a major AI and cloud computing player. Analysts now see Alibaba as China’s closest equivalent to U.S. hyperscalers (like Microsoft, Amazon, Google).
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