China’s Tech Stocks Surge: What Top Investors Know That You Don’t

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 45 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 53%

Nasdaq 100 News

Alphabet Inc Class A,Baidu Inc,Amazon.Com Inc

Stocks Analysis by MarketBeat.com (Gabriel Osorio-Mazzilli) covering: Nasdaq 100, Alphabet Inc Class A, Baidu Inc, Amazon.com Inc. Read MarketBeat.com (Gabriel Osorio-Mazzilli)'s latest article on Investing.com

Wall Street mega investors have recently made Chinese stocks their home for billions, especially as the government takes new stimulus measures.

Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia’s powerhouse. China’s technology sector has the lowest valuation in history compared to its American counterpart.

after realizing the potential upside was no longer that attractive; it is no surprise to see his former mentor and boss George Soros initiate a $73.4 million position in Alibaba. Considering that Alibaba trades at less than a third of the $316 a share high it made after COVID-19, it makes sense for these investors to look at the potential risk-to-reward ratios and decide if it is worth taking a risk on Chinese stocks.Starting with Alibaba, analysts now justify a consensus price target of $107.6 a share on the stock, calling for 12.7% upside from where it trades today.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Stocks to Watch as Firms Cut Costs Ahead of Potential RecessionStocks Analysis by MarketBeat.com (Gabriel Osorio-Mazzilli) covering: S&P 500, Microsoft Corporation, Amazon.com Inc, Salesforce Inc. Read MarketBeat.com (Gabriel Osorio-Mazzilli)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

GameStop Stock: Time to Buy or Brace for a Post-Earnings Drop?Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: GameStop Corp. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »