Movement Alert｜Alibaba rises 3.79% in Pre-Market Trading, JPMorgan says cloud profit may exceed AI spending

Market Focus10-14 16:02

On October 14, Alibaba rose 3.79% in Pre-Market Trading, trading at $112.39 per share, with turnover of $7.6973 million.

The move followed a fresh broker note maintaining an Overweight rating while cutting target prices to HK$195 and $200, alongside the view that Alibaba may hit a key inflection in the December quarter as cloud operating profit is expected to exceed losses from AI model and application development for the first time.

Additional support came from product updates tied to AI commercialization. Alibaba on the same day launched an invitation test for Qwen Office E-commerce Edition, aimed at merchants managing stores across multiple platforms, with functions including centralized operating dashboards, marketing content generation, and ad optimization. Recent launches of Qwen AI hardware also reinforced market focus on faster AI product monetization.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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