(Bloomberg) -- The heat is on Baidu Inc. to deliver after the hype surrounding its soon-to-come ChatGPT-style service supercharged a rally in its stock.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CaseTech Drives Stock Gains as Traders Weigh Powell: Markets WrapUS Moves to Recover Chinese Balloon While Weighing RetaliationThe stock has jump
Given the beatdown growth investors had in 2022, many are now looking for reliable businesses with staying power and long-term growth potential. E-commerce stocks provide strong long-term growth prospects, given the secular trends that have supported the rise of industry juggernauts such as Amazon (NASDAQ: AMZN) over the past two decades. Rising stars in this space, such as Shopify (NYSE: SHOP), have grown in popularity as a way for small and medium-sized businesses (SMBs) to thrive in a post-pandemic environment.
Alibaba's (NYSE: BABA) stock is up more than 20% this year as China relaxed the zero-COVID restrictions that were throttling its economic growth. Is it too late to buy Alibaba right now, or does it still have more room to run this year? Why did Alibaba's stock initially collapse?