Citi analysts maintain Buy rating on Alibaba (BABA) despite White House memo alleging ties to Chinese military. They see any potential selloff as a buying opportunity, with a $218 price target. Alibaba’s Qwen AI app garners over 10 million downloads in its first week, positioning itself as a strong competitor in the AI market.

Alibaba Group Holding Limited (NYSE:BABA) is a prominent Chinese tech conglomerate, operating in e-commerce, cloud computing, digital media, and AI. Flagship platforms include Taobao, Tmall, and Alibaba Cloud. The company is also investing in autonomous driving and smart logistics. Despite its potential, other AI stocks may offer greater upside potential with less risk.

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Read more at Yahoo Finance: Citi Keeps Buy Rating on Alibaba (BABA) Despite White House Memo