Why Alibaba Stock Climbed 32% in September
Alibaba (NYSE: BABA) was among the winners last night as the Chinese tech giant continued to benefit from investments in artificial intelligence, as investors increasingly see it as a winner in AI.
Additionally, Founder Jack Ma has returned to the company's headquarters, showing relations between him and Beijing have improved.
Overall, last month's gains were part of a broader momentum shift as investors seem to be moving back into Alibaba, after it was off-limits for several years due to the tech crackdown from Beijing and weak economic growth in China.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
106,00 €
-0,94 %
Die Alibaba Group Holding Ltd ADR Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Ein Kursziel von 159 € für Alibaba Group Holding Ltd ADR würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 106.0 € bedeuten.
