Alibaba (BABA)/ 9988 HK; Jack Ma 04 (Dec 23 - Dec 26)

[behappyalways]

Alibaba Unveils China's Most Powerful AI Chip In $53 Billion Gambit
https://www.zerohedge.com/ai/alibaba-un ... ion-gambit

[winston]

Full-stack AI layout: cloud, models and chips layers

We participated in the Alibaba Apsara conference, Alibaba's flagship annual technology summit focusing on cloud computing, and artificial intelligence on 22 Sep.

Alibaba is building a full-stack AI spanning chips, cloud infrastructure, foundation models, multimodal generation and agent runtime, targeting the Agentic era.

We expect its cloud revenue growth to further accelerate to 50% yoy in 2QFY3/27F.

We forecast revenue and non-GAAP net profit to increase 9.2% and 94.6% yoy respectively in 2QFY27F, due to cloud margin increase and food delivery loss cutting.

Reiterate Add, with an unchanged DCF-based TP of HK$175.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... 49E85CFB12