Alibaba’s AI Ambitions Poised to Drive Next Growth Phase
Whether $Alibaba(BABA)$ takes another 3-4 months to consolidate or just goes for it in this current move higher remains to be seen. Personally, it would be great to have a chance at sub-150.
But this isn't a stock you want to ignore going into the next round of earnings results. They obliterated 1QFY26 EPS estimates, while showing the market the potential of cloud computing to bring the company into a new era of development/growth.
Remember that the company plans to spend US$53 billion over three years to develop AI infrastructure. That lays the foundation for what is emerging as the biggest driver of growth.
Throw into the mix heavy mainland Chinese investor participation via the #stockconnect (wasn't there a year ago), and things could get interesting. While some selling from mainland accounts has occurred, it's not substantial given how well the stock has done this year. NFA.
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