Why Alibaba Could Surpass Amazon in Value
I wonder if noted short seller Jim Chanos has finally come to his senses and changed his bearish outlook on Alibaba Group Holding Ltd (NYSE: BABA) stock. If not, he may want to seriously rethink his strategy after BABA stock surged to a record $160.39 on Thursday, up 80% this year and easily destroying the S&P 500 and the FANG group.
By comparison, Amazon.com, Inc. (NASDAQ: AMZN) is up 41% this year, about 50% of the gain by BABA stock. Of course, Amazon's market cap of $506.0 billion is still ahead of the $400.0 billion for Alibaba, but the spread has been narrowing.
Many of you have known.
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I wonder if noted short seller Jim Chanos has finally come to his senses and changed his bearish outlook on Alibaba Group Holding Ltd (NYSE: BABA) stock. If not, he may want to seriously rethink his strategy after BABA stock surged to a record $160.39 on Thursday, up 80% this year and easily destroying the S&P 500 and the FANG group.
By comparison, Amazon.com, Inc. (NASDAQ: AMZN) is up 41% this year, about 50% of the gain by BABA stock. Of course, Amazon's market cap of $506.0 billion is still ahead of the $400.0 billion for Alibaba, but the spread has been narrowing.
Many of you have known.
Den vollständigen Artikel lesen ...