Can Investors Finally Trust the Recovery in Alibaba Stock?

Alibaba Group (NYSE: BABA) has long disappointed investors since the launch of the stock in 2014. Amid political risks, high-profile U.S. investors were initially drawn by its cheap valuation and market leadership, but beginning in late 2020, Alibaba began to sell off, mostly due to the political risks.However, the stock has risen more than 110% since the beginning of the year as decisions by the company and the Chinese government won the confidence of investors such as David Tepper, creator of the hedge fund Appaloosa Management, and ARK Invest's Cathie Wood. With the growing faith in Alibaba, should investors follow these high-profile investors or stay on the sidelines?Image source: Alibaba.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool