0502 GMT - Alibaba could be one of the winners in the China AI arms race, WedBush analysts say in a research note. GameStop CEO Ryan Cohen recently boosted his Alibaba stake to $1 billion to bet on the tech giant's AI potential. "With Apple and Alibaba set to partner up we believe Alibaba could start to get the gateway for more strategic investors to make a bet on the China market," the analysts say. They think that it's "a smart move" that investors like Cohen are looking past U.S.-China trade tensions to grow their exposure to Alibaba and the China tech market, they say. WedBush thinks Alibaba is worth $500 billion and could expand its growth ecosystem with AI in the center over coming years.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 00:02 ET (05:02 GMT)
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