About this episode
Ron Westfall and Olivier Blanchard look through Alibaba (BABA) earnings, which missed estimates, and discuss the Chinese tech sector. Ron thinks the company is going through a “strategic pivot” and says the stock is becoming “increasingly attractive.” Their cloud intelligence division is “really delivering” and AI is booming; he notes its prebuilt customer base allows for fast adoption. Olivier agrees, adding that investors should remember these companies are in transition from e-commerce to AI and they are still “struggling to decouple” from their original revenue streams. He compares several Chinese tech companies and advises patience.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
