$BABA-W(09988)$ BABA is up around $4, and it's interesting to see how the narrative shifts with every positive move.
There's been a series of developments that could be supportive:
- The removal (or suspension) from a certain blacklist.
- The recent Apple-related news.
- Updates on Qwen.
- The speculation about China's stance on Anthropic, which, if true, might explain some corporate silence. I haven't seen that confirmed, just noted the chatter.
It seems there's a broader push to be competitive in AI, with a focus on long-term positioning rather than short-term cycles.
From my perspective, the stock could move significantly higher. A move toward the $130 range seems plausible, but the longer-term potential could be much greater. It's also likely to continue offering trading opportunities, as it has in the past.
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