China’s Tech Revival: Alibaba’s Surge and the AI Boom Fueling the Rally
Are Chinese Tech Stocks Undervalued?
Alibaba shines with stellar earnings and bold AI investments
AI boom, favorable policies, and a shift in market sentiment fuel China’s tech rally
Chinese tech stocks offer a bargain vs. US peers—but risks remain
Alibaba’s Triumphant Comeback: Strong Growth, Big Profits, AI Ambitions, and Market Cheers
Alibaba just dropped its latest financial results, and it’s a mixed buffet of solid growth, bold investments, and a strong aspiration for AI. Here's the breakdown:
Total revenue: $38.4B, +8% YoY ($38.4B estimates)
Net income: $6.4B, +333% YoY ($5.6B estimates)
Adjusted earnings per ADS: $2.93, +13% YoY ($2.66 estimates)
Adjusted EBITA: $7.5B, +4% YoY
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