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Barchart
Larry Ramer

Alibaba Just Launched a New AI Unit. Should You Buy BABA Stock Here?

BABA Alibaba United States Barron Eddie Wu China e-commerce

Chinese e-commerce and AI giant Alibaba (BABA) recently announced that it would combine all of its AI ventures into a single unit. While the new division could allow the firm's AI businesses to coordinate more effectively and cross-sell products to each other's customers more prolifically, the change is not what makes BABA stock attractive for some investors at this point.

Rather, the strong performance of the firm's cloud unit in the third quarter, along with the positive data posted by the Chinese economy so far this year and the fairly low valuation of BABA stock, makes the shares worth buying for patient investors with a somewhat high risk tolerance.

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