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Is it time to reset or reallocate your portfolio? Maybe you just need some new places for idle cash that's been slowly building up.

For the better part of the last three years, no trend has been hotter on Wall Street than the rise of artificial intelligence (AI). Giving software and systems the tools to make split-second decisions without human oversight is a game-changer for most industries around the globe.

Alibaba (BABA 2.46%) is reporting massive increases in its artificial intelligence business, leading to overall accelerating revenue growth.

For decades, Jim McKay introduced ABC's Wide World of Sports with a memorable phrase, "The thrill of victory, and the agony of defeat." McKay's words could apply to many investors in the first half of this year.

The S&P 500 (^GSPC -0.01%) and Nasdaq Composite (^IXIC 0.05%) hit new highs in July, but there are plenty of solid companies in growing industries that could be bargain buys right now.

Alibaba stock rallied back above its 50-day moving average following news Nvidia can sell some AI chips in China.

Some of the best growth stocks are in the consumer space, and with tariffs still very much front and center, many of these stocks remain well off their highs. Nibbling on these names, say with an initial $1,000 investment, can be a good place to start.

Identifying competitively strong companies that are showing strong growth can point you toward future winners. As long as you keep a long-term mindset, sticking with quality growth stocks over many years can pay off handsomely.

Austrian advocacy group noyb on Thursday filed data privacy complaints against China's AliExpress, TikTok and WeChat, saying they failed to comply with European Union laws on providing users a full copy of their data.

I think the market is blind to Alibaba's AI potential, where cloud revenue is seeing triple-digit growth, creating an opportunity similar to Amazon's early internet days. Trading at a cheap 12.7x forward P/E, my model suggests a $136 price target, offering ~19% upside, with more potential if analysts are wrong. Wall Street analysts may be mistakenly cutting earnings estimates, creating a low bar, and ignoring the massive, long-term monetization potential of Alibaba's AI ecosystem.