20 High Growth Mega Cap Stocks You Can Buy And Hold For Next 5 Years

7. Alibaba Group Holding Limited (NYSE:BABA)  

Alibaba Group Holding Limited is a marketing reach and technology infrastructure provider to brands, businesses, merchants, and retailers. It operates in Local Consumer Services, China commerce, Digital Media and Entertainment, International Commerce, and other segments. The company has grown its revenue by 19.89% over the last 5 years’.

Chinese tech stocks are enjoying a great run at the moment and BABA is already up 68% this month. The massive run is coming on the back of optimism surrounding China’s AI technologies, which continue to impress the world even if some are skeptical about them.

If investors are looking for a long-term AI investment, BABA ticks a lot of boxes. The company’s CEO has gone as far as saying that artificial general intelligence (AGI), is the primary objective of the firm’s AI ventures.

So when it comes to Alibaba’s AI strategy, our first and foremost goal is to pursue AGI. The pursuit of AGI is our primary objective. We aim to continue to develop models that extend the boundaries of intelligence.

These aren’t just meaningless words. They’re backed by the company’s technology. BABA’s Qwn2.5-VL model beats some of the models of top American tech companies in video analysis, document analysis, and math. This advancement in AI is also likely to spur the company’s e-commerce business in the same way Mark Zuckerberg was able to drastically improve Meta’s advertising business while building AI models. At a forward PE of 14, the stock is a compelling investment.