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First Eagle Praises BABA-W for Attractive AI Biz w/ Potential to Bring Huge Profits
Recommend 39 Positive 68 Negative 34 |
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The share price of BABA-W (09988.HK) only reflects the Company's e-commerce business and does not account for its AI potential, Christian Heck, a portfolio manager at First Eagle Investments Management, said. He believed that BABA-W's online retail business provides a guaranteed value, and if calculated, its AI business is currently 'completely free,' essentially acting as a free call option. BABA-W's appeal lies in its extensive AI business, covering from infrastructure to self-developed and open-source models, etc., Heck noted. This distinguishes the Company from more singular tech firms like OpenAI or Oracle (ORCL.US). He believed that BABA-W possesses very strong AI capabilities across the entire technology stack, which is quite rare, and that BABA-W's AI business is poised to become a large-scale and highly profitable business. AASTOCKS Financial News |
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