We recently published a list of 7 Cheap Global Stocks to Buy Right Now. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against other cheap global stocks to buy right now.

We recently compiled a list of the 10 AI Stocks Gaining Momentum Right Now. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against the other AI stocks.

Alibaba Group (NYSE:BABA – Get Free Report) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat reports.

Ieq Capital LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 36.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic

Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.

U.S.-listed shares of Alibaba Group are falling 3% in premarket trading Monday after the Chinese tech giant announced plans to invest more than $52 billion in artificial intelligence and cloud infrastructure over the next three years.

The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.

The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce growth.