Oversold, rebound is expected.

$Alibaba (BABA.US)$ Stay calm investors, today’s sell-off was a bit unwarranted and the recent news on the price cuts of AI models is likely to be seen as an ‘excuse’ for the surprise sell-off today. After $PDD Holdings (PDD.US)$ reports earnings, I would expect some uncertainty to ease and BABA likely to have a sympathy rally as PDD crushes analysts’ estimates and bring in good news such as share buybacks/dividend issue.

Good luck all.