Alibaba Group Holding Limited (BABA) Is One Of Billionaire David Tepper’s Top AI Stocks

We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Alibaba Group Holding Limited (NYSE:BABA) is one of the long-term stock picks.

Chinese technology conglomerate Alibaba Group Holding Limited (NYSE:BABA)’s shares are down by 7% over the past year and by 32% year-to-date. It first appeared in Appaloosa’s 13F holdings in the third quarter of 2014 when the fund held 725,000 shares, which were worth $64 million. However, the holding dropped to zero shares in the next quarter. The firm exited 2015’s second quarter with 1.3 million shares and held zero shares in the next quarter. It then held Alibaba Group Holding Limited (NYSE:BABA) shares from the second quarter of 2017 to the third quarter of 2018, exited in the fourth quarter, and then held 1.3 million shares in Q2 2019. The latest stake is worth $434 million.

Alibaba Group Holding Limited (BABA) Is One Of Billionaire David Tepper's Top AI Stocks

Goldman Sachs discussed Alibaba Group Holding Limited (NYSE:BABA) on June 16th. It called it a preferred Chinese internet stock heading into the year’s second half. The bank’s opinion was based on an expected earnings recovery and Alibaba Group Holding Limited (NYSE:BABA)’s position in the Chinese cloud computing market. The firm was at the center of controversy earlier after the Pentagon tagged it for aiding China’s military.

While we acknowledge the risk and potential of BABA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BABA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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