Stock Track | Alibaba-W Soars 5% Intraday on AI Optimism and CICC's Bullish Cloud Forecast
Stock Track01-14
Alibaba-W (09988) surged 5% during Wednesday's intraday trading, reflecting strong investor confidence in its AI and cloud computing initiatives.
The rally follows CICC's research report maintaining a Buy rating on Alibaba, citing a projected 30%+ CAGR for Alibaba Cloud revenue over three years. The bank highlighted accelerated cloud growth (36% YoY in Q3 FY2026) and intensified AI infrastructure investments as key drivers. Concurrently, Alibaba's Qwen AI models reportedly surpassed 700 milestones, fueling a 10.5% spike in its NYSE-listed shares earlier this week. The stock also benefited from a broader HK AI sector rally, with peers like Knowledge Atlas and Weimob gaining up to 13%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
