Name of opportunity: 👀
AI excitement 🤖
Alibaba has recently risen in value on the stock market, increasing in value by 12.52% this week, due to several reasons. Today, the tech company announced a partnership with Apple to provide AI features for iPhones sold in China, as it would be much harder to integrate services from Apple’s American partner OpenAI. Alibaba’s in-house large language model (LLM) Qwen, which is open source, has also received praise recently, with researchers at Stanford and Berkeley using it to build an advanced reasoning model for only $50.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Alibaba Group might increase from $112.78 to $118.11 in the next 12 months. If you invested $1000, you might profit $47.26
One reason for analysts’ optimism about this stock is that the size of Alibaba Group will give it an advantage in developing and selling its AI. Alibaba Cloud, the group’s cloud computing solution, has 39% of the market share in China. The group has numerous opportunities to integrate AI into its products and services, including its e-commerce platform where this technology can be used to recommend products and improve the shopping experience.
Alibaba is also already profitable, meaning that it might be a more accessible and stable option for investors looking to invest in AI who would prefer to avoid smaller, newer companies.
E-commerce, retail, tech and more 🌐
Alibaba Group Holding Ltd provides technology infrastructure and marketing platforms. The Company operates through seven segments. These include China Commerce, International Commerce, Local Consumer Services, Cainiao (domestic and international one-stop-shop logistics services and supply chain management solutions). The Cloud segment provides public and hybrid cloud services. The last two segments are Digital Media and Entertainment, and Innovation Initiatives and Others.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’, ‘Gaming’, ‘Big Tech’, ‘Top Stocks in AI’, and ‘Made in China’
Download Nemo Money to check out Alibaba Group. New users can grab our registration bonus up to a maximum of $50 on first deposit. Terms and conditions apply.
