Alibaba Is Our Favorite Chinese Internet Stock, Says J.P. Morgan
Alibaba (NYSE:BABA) shares are on a roll with the stock now back at levels last reached more than 3 years ago. The stock has gained 41% so far this year, picking up steam following the announcement of its latest large language model Qwen 2.5 on January 29, with the Chinese ecommerce giant claiming it outperformed local competitor DeepSeek’s model.
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According to J.P. Morgan analyst Alex Yao, there are three key factors that…
