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We recently published a list of 10 AI News You Can’t Miss. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against other AI news you can’t miss.
The AI stocks selloff that started following the launch of DeepSeek is still impacting the US markets. Aswath Damodaran, NYU Stern School of Business professor of finance, said in a recent program on CNBC that he believes innovation in AI technology like DeepSeek and new models would “commoditize” AI products and could result in lower spending.
“In my view, what it does is reduce the total size of the segment of the AI market that needs high-power chips and immense amounts of data. Whether deep seek is a fake or whether it’s going to pass by, what it opens people’s eyes to is that not all AI products and services need these incredibly powerful chips and huge amounts of data and huge data centers. You can get there with much cheaper devices. I think for many companies, when they look at the AI products and services they have to develop, they don’t need this high-powered stuff. They don’t need to spend the tens of billions of dollars up front. So, I think that’s the real worry you have to have.”
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For this article, we picked 10 stocks trending based on the latest news. For each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An e-commerce platform displaying a wide range of products to customers online.
Alibaba Group Holding Limited (NYSE:BABA)
Number Of Hedge Fund Investors: 107
Thomas Hayes from Great Hill Capital said in a recent program on Schwab Network that he’s been invested in Alibaba Group Holding Limited (NYSE:BABA) for about two years and still believes it’s a “no-brainer” stock to buy amid several growth catalysts.
“We’ve been in Baba for almost two years now, and we are more investors than traders. So we’ve bought in the hundreds and we bought a ton in the 60s, so our base is around $83. This is an absolute no-brainer. We look at intrinsic value—we think it’s well in excess of $200 per share. This is the number one cloud provider in China. Obviously, you had the announcement yesterday that Apple is going to be using Alibaba AI for Apple Intelligence, which was big news but only part of the story here. Complete play on the middle-class recovery with Taobao and T-Mall, as the one and a half years of non-stop stimulus is starting to kick in the economy. International growing up 40%. Any weakness in the coming months is an opportunity to buy for the long term.”