Chinese e-commerce giant Alibaba Group (BABA) reported robust third-quarter fiscal 2023, wherein it beat the Zacks Consensus Estimate for both earnings and revenues.
Buffett's company Berkshire Hathaway's latest 13-F filing showed that Berkshire's portfolio was invested in 49 companies in the fourth quarter of 2022.
Alibaba Group (BABA) beat the Zacks Consensus Estimate for earnings but lagged on revenues.
Warren Buffett's Berkshire Hathaway scooped up some shares of Taiwan Semiconductor. Shares of the company gained massively on the news.
Alibaba recorded flat revenue growth for the first time ever as the country grappled with an economic slowdown and COVID-19 resurgences.
Investment firm Bernstein upgraded Alibaba (BABA) shares recently and believes that they can rally more than 20% from here.