From Nasdaq: 2024-07-25 06:00:00

Nvidia’s valuation is high, but its growth potential has attracted investors, pushing its market cap up by 150% this year to $3 trillion. Consider other AI stocks like Alibaba, which is using AI to expand internationally and saw a 45% year-over-year growth in its global commerce segment.

Alibaba’s use of AI has helped merchants achieve a 30% increase in orders, positioning the company for significant international growth. Despite past stock struggles, Alibaba’s valuation is low, making it an appealing investment opportunity. Investors willing to look past uncertainties could see strong long-term gains.

Investors looking for an AI stock should consider buying Alibaba, as concerns over Chinese government interference have not impacted the company’s growth. The stock is currently undervalued, offering the potential for significant returns in the future. Consider investing in Alibaba for long-term growth potential.

Before investing in Alibaba, consider other top stock picks recommended by the Motley Fool’s Stock Advisor team. While Alibaba may not be on their list, their picks have historically outperformed the S&P 500. Stock Advisor provides guidance on building a successful portfolio and has a strong track record of returns.



Read more at Nasdaq: Forget Nvidia: This Could Be the Most Underrated AI Stock to Buy Right Now