Is It Finally Safe to Buy Alibaba Stock?

Alibaba (NYSE: BABA) notoriously burned investors in 2021.When American tech stocks were soaring during the COVID-19 pandemic, the Chinese tech giant was heading in the other direction as a crackdown from Beijing made the stock kryptonite to many investors, and a weak Chinese economy only made matters worse.Now, after chugging along in the sub-$100 range for a roughly three-year period, something surprising has happened to the stock. Alibaba is soaring. The stock is up 44% over the last month, and has more than doubled year to date, up 110% now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool