Chinese tech behemoth Alibaba (NYSE: BABA) has had a rough couple of years. Just when it seemed that its regulatory woes were in the rear-view mirror, the resurgence of COVID-19 in China and the troubling worldwide economic situation have thrown a wrench in its plans for a comeback. Nevertheless, BABA operates a highly-diversified tech business with a massive growth runway across most segments. Still, it's tough to feel upbeat about its prospects, at least in the near term. Hence, we are bearish on BABA stock for the short term. As mentioned earlier, BABA stock has been under major duress over the past couple of years.
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Alibaba (NYSE:BABA)
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Alibaba (NYSE:BABA)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Alibaba Charts.