$Baidu(BIDU)$ $Alibaba(BABA)$ Not much of a challenge for China's high-tech and AI sector. After China's CXMT announced an $8.6B IPO, it sparked concerns about a potential DRAM oversupply. Micron (MU) fell 5%, while SK Hynix (SKHY) and SanDisk each dropped 7%. The Roundhill Memory ETF (DRAM) sank 7%, and Western Digital (WDC) also fell 7%, pulled down by cooling AI momentum.
$Alibaba(BABA)$ I've held this position for a long time. I just received a dividend payment, which was a nice surprise—I didn't even realize it paid one. I almost sold out last year, but I'm glad I didn't. I added some shares when it was under $100 and later trimmed a portion of that lot. My initial cost basis was in the $80s. While I'm generally a fan of US equities, I think some quality megacaps in China are looking like deep value at the moment.
It's fascinating how some investors operate. While missing obvious opportunities to optimize positions, they later post convoluted chart analyses. The real kicker is managing to stay underwater despite $Alibaba(BABA)$ 's impressive YTD performance. The lesson here is maintaining independent thinking over following questionable technical patterns.
$Alibaba(BABA)$ Dumping this stock now is pure madness. The price was tanking today until $Advanced Micro Devices(AMD)$ 's news dropped like a lightning bolt. Every AI headline will send this rocket higher. Buckling up for the $350 moon ride
$Alibaba(BABA)$ All bagholders need to swallow this bitter pill: The only catalyst that'll make this stock Wall Street's darling again is an ANT IPO listing in the US! Appreciate y'all lending me your ears!