Was Jim Cramer Right About These 13 Stocks?

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 109

Cramer was bearish on Alibaba Group Holding Limited (NYSE:BABA) at the time, primarily due to concerns about Chinese government intervention:

“If we trusted the Chinese to do the right accounting, do the right thing by people who are working really hard, then we would say buy it. But right now, they seem to be inclined to attack all the rich people, including the people who run that company, so we’re going to have to hold off till it goes under $70.”

Alibaba Group Holding Limited (NYSE:BABA) has exploded since then, rising by 89.62%.

However, Jim Cramer has changed his stance on the stock. Here’s what he said on the 21^st of February:

“Well BABA, we’ve got two streams of revenue that are explosive so to speak. One is cloud, and the other is eCommerce. Now, it’s very clear that the PRC, the party has said look, we want more spending. And that’s the eCommerce. And when it comes to the cloud, well that, you could say that’s DeepSeek, they really know what they’re doing over there. And by the way, Jensen Huang, has been quiet but there is a piece, this morning, that don’t worry, it’s really post-training. That’s a more sophisticated way to put it, but he’s broken his silence. But Alibaba can, when I speak to David Tepper, I mean it’s very clear, Alibaba is still inexpensive. I don’t like the idea that you’re coming in at this level. But the fact that they have two revenue streams that are on fire not one really speaks to how China wants to promote spend and how brilliant they turned out to be in terms of technology.”