JD.com, a Beijing-based e-commerce giant, operates a vertically integrated platform similar to Amazon. However, JD shares are struggling at $30, down 10.70% year-to-date, lagging behind competitors like Pinduoduo and Alibaba. Economic concerns in China and slowing earnings growth are additional challenges for JD, especially with its food delivery business facing losses.
Zacks Investment Research highlights a semiconductor stock with strong earnings growth potential in the rapidly expanding market for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to grow from $452 billion in 2021 to $971 billion by 2028. This under-the-radar company is well-positioned to capitalize on this growth.
Read more at Nasdaq: Bear of the Day: JD.com (JD)