From Yahoo Finance: 2025-04-12 09:05:00

Alibaba Group Holding Ltd. (NYSE:BABA) is a cheap NYSE stock to consider investing in according to hedge funds. With a forward P/E ratio of 10.39 and 107 hedge fund holders, the company offers technology infrastructure and marketing reach to businesses. Additionally, Alibaba plans substantial AI infrastructure spending over the next 3 years, positioning itself for growth. In a list of top NYSE-listed stocks with a forward P/E ratio under 15, BABA ranks 4th. The company’s AI strategy, including Qwen AI and Cloud Intelligence Group, shows promising growth potential. Investors seeking opportunities in the AI sector may find BABA an attractive option.

Read more: Is Alibaba Group Holding Ltd. (NYSE:BABA) a Cheap NYSE Stock to Invest in According to Hedge Funds?