From Nasdaq: 2025-02-07 12:17:32

Alibaba (NYSE: BABA) stock surged over 7% before retracting some gains, currently up 4.1%. The rally follows rumors about Chinese AI company DeepSeek, impacting market sentiment.

Alibaba released its own AI product surpassing DeepSeek, later denying rumors of a $1 billion investment. Investors question the validity of the news, affecting stock performance.

Despite uncertainty, Alibaba remains a potential investment. Valued at 20 times earnings and with strong growth projections, it could be a wise choice for investors looking for long-term gains. Consider expert advice before making decisions.



Read more at Nasdaq: Why Alibaba Stock Spiked on Friday