Investor Eric Jackson sells Nvidia, buys Alibaba, praising Alibaba as undervalued and better AI play

From Yahoo Finance: 2025-04-02 13:22:00

Eric Jackson, Founder of EMJ Capital, sold Nvidia stock and bought Alibaba shares, citing Alibaba as a better AI play. Jackson believes Nvidia’s technicals have been poor, favoring small-cap stocks for gains. Despite this, he recognizes Nvidia as a great company with a fantastic product roadmap.

Jackson praises Alibaba as undervalued, noting their strategic AI spending. He anticipates major acquisitions and potential market surprises. Jackson sees more promise in AI stocks for higher returns in a shorter time frame. For those seeking a promising AI stock at a low multiple of earnings, a report on the cheapest AI stock is available.

Read more: Investor Sells Nvidia (NVDA), Buys Alibaba (BABA)