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The article explores Alibaba Group Holding Limited (BABA) and its standing as one of the best foreign stocks favored by billionaires. Despite global economic slowdowns projected by the OECD, Alibaba has shown remarkable growth with a 60% rise in US-listed shares this year and significant increases in revenue and net income in Q4 2024. As a major player in AI, Alibaba is recognized for its potential, ranked as the 6th best foreign stock by billionaires, although analysts suggest other AI stocks may offer better returns.
Source: YAHOO