Alibaba’s AI revenue continues to rise, with triple-digit growth for nine consecutive periods. The company’s overall growth rate climbs to 15% when excluding recently disposed businesses. Its cloud intelligence segment saw 34% growth last quarter, highlighting the potential for AI in its business.

Despite Alibaba’s stock gaining 87% this year, it still trades at a modest valuation compared to the tech sector. The company’s involvement in AI, including partnerships and chip development, makes it an attractive option for growth investors. Concerns about Chinese government interference have kept its valuation relatively low.

Alibaba’s stock, although down 40% over the past five years, presents a compelling opportunity for investors looking to diversify into AI stocks. With a strong presence in the Chinese tech market and a reasonable valuation, it could be a solid long-term investment. Consideration of government involvement risk is advised.

Read more at Nasdaq: This Tech Giant Just Grew Its Artificial Intelligence (AI) Business by Triple Digits for a Ninth Straight Quarter