$Alibaba(BABA)$ Overall decent day for BABA. It recovered most of the earlier pressure from China-related trading. I was waiting for my crypto to unlock so I could pick up another 5,000 shares, but the timing didn't work out.
$Alibaba(BABA)$ is the only company with positive cash flow that is still investing heavily, and the growth numbers in quick commerce and cloud are worth checking. They are taking share from competitors.
$Baidu(BIDU)$ $Alibaba(BABA)$ Not much of a challenge for China's high-tech and AI sector. After China's CXMT announced an $8.6B IPO, it sparked concerns about a potential DRAM oversupply. Micron (MU) fell 5%, while SK Hynix (SKHY) and SanDisk each dropped 7%. The Roundhill Memory ETF (DRAM) sank 7%, and Western Digital (WDC) also fell 7%, pulled down by cooling AI momentum.
$Alibaba(BABA)$ I've held this position for a long time. I just received a dividend payment, which was a nice surprise—I didn't even realize it paid one. I almost sold out last year, but I'm glad I didn't. I added some shares when it was under $100 and later trimmed a portion of that lot. My initial cost basis was in the $80s. While I'm generally a fan of US equities, I think some quality megacaps in China are looking like deep value at the moment.