Alibaba To Boost B2B E-Commerce With New AI Sourcing Engine Launch in September
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
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Source: Benzinga
Alibaba's New AI Tool: Alibaba is launching an AI-powered conversational sourcing engine in September to assist merchants on its international wholesale platforms, aiming to enhance global B2B e-commerce by simplifying product and supplier matching through voice input.
Market Impact and Stock Performance: Following the US government's exemption of ASML from semiconductor technology restrictions on China, Alibaba shares rose by 1.33% to $79.04, reflecting positive investor sentiment towards the company's AI initiatives.
Analyst Views on DFAE
Wall Street analysts forecast DFAE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DFAE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.500
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Current: 34.500
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
