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Alibaba Group Holding Ltd. Sponsored ADR Stock News
Alibaba Group (BABA 2.65%), China's largest e-commerce and cloud infrastructure company, was once considered a great growth stock. From fiscal 2015 to fiscal 2022 (which ended in March 2022), its revenue and adjusted earnings per share (EPS) expanded at a compound annual growth rate (CAGR) of 41% and 21%, respectively.
New York Times columnist Thomas Friedman wrote in his 2005 best-selling book The World Is Flat that countries are more interconnected than ever before. His premise from 20 years ago is still on target.
Alibaba Group (BABA 1.77%) has spent the past few years navigating regulatory crackdowns, macro uncertainty in China, and intensifying competition. However, behind the scenes, a massive transformation is underway as the tech giant repositions itself as an artificial intelligence (AI)-native company.
If a five-year look at history is any guide, there's no contest in deciding between investing in Palantir Technologies (PLTR -0.59%) or Alibaba Group Holding (BABA 1.81%). Palantir's share price has skyrocketed a staggering 1,560% since its initial public offering in 2020.
A top figure at Alibaba (BABA 1.43%) basically reiterated the company's commitment to artificial intelligence (AI) technology over the weekend, and on Monday, the stock market rewarded the company for this. Shares of the Chinese e-commerce and tech giant were rising by nearly 2% in mid-session trading that day, easily topping the 0.2% slump of the S&P 500 (^GSPC -0.12%) during that time.
Alibaba Group (NYSE:BABA) has unveiled its first smart glasses, marking the e-commerce giant's entry into the growing wearable technology market and stepping up competition with rivals like Meta and Xiaomi. The Quark AI Glasses, introduced at the World Artificial Intelligence Conference (WAIC) in Shanghai, are powered by Alibaba's proprietary Qwen large language model and Quark AI assistant.
Alibaba has announced its entry into the AI-powered wearables market with the launch of Quark AI Glasses, set for release in China by the end of 2025. The glasses are powered by the company's proprietary Qwen large language model and its AI assistant, Quark.
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