12 Best Global Stocks to Buy According to Hedge Funds

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2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited (NYSE:BABA) provides fundamental technology infrastructure services to merchants, brands, retailers and businesses to market, sell and operate using the Internet. The company posted revenue of $33,701 million in the third quarter of 2024, reflecting a 5% year-over-year growth driven by steady market demand and strategic business expansions. In January, Alibaba introduced the Qwen 2.5-Max AI model, which it claims surpasses DeepSeek’s V3 model. Alibaba’s long-term investments in AI, including the development of generative AI tools for e-commerce, position the company for growth in cloud services and global expansion. In February, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the official launch of its first cloud region in Mexico, marking a significant milestone in its commitment to accelerating Mexico’s digital transformation and fostering innovation across Latin America.

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