Alibaba: The AI Era Leads to the Comeback of Chinese Stocks!
Reading Time: 2 minutes
Chinese tech stocks have become new market favorites, as the recent rebounds in Alibaba, Baidu, and JD(dot)com demonstrate. The AI era is impacting valuations, and the big picture charts are brightening dramatically. A good example is Alibaba! Alibaba is back with Jack Ma and aims to advance the AI offensive. Alibaba is launching its own AI chips, which will be used in new data centers by China Unicom. Due to US export restrictions, the Chinese were forced to develop their own capabilities more rapidly. The result is that companies like Alibaba...
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