Top 9 AI Stocks to Watch Amid DeepSeek Frenzy

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese internet giant that provides technology, infrastructure and marketing reach to help merchants connect with customers. The company has affirmed its commitment to advancing artificial intelligence technology as it looks to strengthen its cloud computing unit. On February 6th, it emerged that the company has tapped the talents of top AI scientist, Steven Hoi, as it looks to strengthen its AI prospects and expertise.

Hoi is to join Alibaba Group Holding Limited (NYSE:BABA) as the vice president in charge of the AI multi-modal basic model. Alibaba has reportedly tapped Hoi as it seeks to build a top-tier AI algorithm research and engineering team to advance its AI developments. Hoi’s appointment comes just days after the Chinese internet giant unveiled Qwen 2.5 Max, a new AI model that it claims outperforms leading AI systems.

While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.

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