Alibaba AI Business Is ‘Free Call Option,’ First Eagle Fund Says – Bloomberg
Alibaba Group Holdings Ltd.’s share price is only factoring in the company’s e-commerce business, not its artificial intelligence potential, says the manager of a $17 billion fund.
Global concerns over AI spending levels at major hyperscalers and persistent price competition in China have hit the nation’s tech stocks in recent months, taking the steam out of Alibaba’s big rally. Its Hong Kong-listed shares are down 26% from an October peak.