A top fund manager says investors, including those buying Alibaba Group Holdings Ltd. stock, are overlooking the company’s artificial intelligence potential and focusing only on its e-commerce business. This is partly due to concerns over global AI spending levels and intense competition in China, which have caused tech stocks to decline recently. As a result, Alibaba’s Hong Kong-listed shares have fallen 26% from their October peak, highlighting the underestimation of the company’s AI capabilities.
Source: https://www.bloomberg.com/news/articles/2026-03-19/alibaba-ai-business-is-free-call-option-first-eagle-fund-says