Is This a Golden Opportunity to Buy Alibaba Stock After Its Latest Artificial Intelligence (AI) Push?

It's been tough going for Alibaba Group (NYSE: BABA), with its stock cut in half over the past five years. The company has had to deal with a long period of COVID lockdown restrictions, a sluggish Chinese economy following the lifting of lockdown restrictions, and intensified competition in its largest segment, e-commerce.However, one bright spot the company has been seeing is in the area of artificial intelligence (AI). Alibaba is now looking to make a bigger push into the arena to help drive growth.Like other parts of its business, Alibaba's cloud computing segment has experienced some issues over the past five years as it has dealt with increased competition. However, Alibaba started to turn around the business and has been letting low-margin project-based contracts roll off in favor of more attractive public cloud deployments.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool