Top 9 AI Ratings and News Updates on Wall Street’s Radar

Page 8 of 8

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited’s (NYSE:BABA) offerings include technology infrastructure, e-commerce platforms, cloud services, and digital media solutions for businesses and consumers globally. The company has also made significant investments in AI development.

On March 26th, Alibaba Cloud announced it had launched Qwen2.5-Omni-7B, an end-to-end multimodal model in the Qwen series. The company said the new model is designed for comprehensive multimodal perceptions, capable of analyzing various inputs like text, images, audio, and videos to produce real-time text and natural speech responses. Alibaba is confident that the milestone sets a new standard for optimal deployable multimodal AI for edge devices like smartphones and laptops. It added that the high performance and robust multimodal capabilities make the new model a suitable foundation for developing agile and affordable AI agents.

While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) as an investment, our conviction lies in the belief that 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 8 of 8