Steven Chung
02-17

Alibaba clearly will beat the earning guide and given the growth in the cloud and AI segments, it's guidance will also beat expectation. The support from China gov and the meeting with Xi recently will allow baba to monetize more of its assets and expand valuation. Holding baba is key to china recovery

AI + Policy Stimulus: Will Alibaba Head For $170?
Alibaba surged 4.59% and reached $147, a 52-week-high. Alibaba was gaining ground on Monday after the Chinese government said yesterday that it would implement a plan to boost consumer spending in the country. Will Alibaba fill last gap in November, 2021 and aim for $170? Will you chase the high?
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