The Alibaba stock (BABA) was bouncing back from the lows that we saw towards the end of 2021 but it has dipped again after news of the US reviewing the Alibaba Cloud unit for national security risks.
The US government intends to focus on how Alibaba stores dada for US clients especially their intellectual property, personal information, and whether the Chinese government can access the stored information. The Trump administration had earlier raised concerns around data collection and the Biden administration seems to be coming to terms with the issue.
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To help stock investors interested in investing in Alibaba stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Alibaba stock?
Alibaba stock is the stock of Alibaba Group Holding Limited and it trades on the Hong Kong Stock exchange under the symbol HKG: 9988. It also trades in the New York stock exchange under the symbol NYSE: BABA.
Alibaba Group Holding Limited, also known as Alibaba Group, is a multinational technology company that specializes in retail, internet, e-commerce, internet, and technology.
Alibaba runs the Alibaba.com eCommerce website.
Should I buy Alibaba stock (NYSE:BABA) today?
It could be the perfect time to buy the e-commerce giant’s stock following today’s surge which most likely signals an end of the bear trend.
Alibaba stock price prediction
The bears seem to have come to an end amid speculations among investors who strongly believe that the Alibaba stock is highly undervalued since the company has been making profits all along, there seems to be no end to Alibaba stock dip.
The stock’s price is expected to assume an upward trend moving into the festive Christmas season as sales increase.
$BABA stock social media coverage
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Source: https://invezz.com/news/2022/01/19/where-to-buy-the-alibaba-stock-baba-dip-after-news-of-the-us-examining-its-cloud-unit/