Alibaba’s AI Ambitions Fuel Spectacular Market Resurgence

Alibaba has transformed from a market laggard into a leading performer in the technology sector, with analysts rapidly shifting their stance on the Chinese e-commerce giant. Where caution once dominated discussions about Chinese tech stocks, a wave of bullish recommendations now surrounds Alibaba as institutional confidence reaches new heights.

JPMorgan executed one of the most dramatic reversals in recent financial analysis, with strategist Alex Yao elevating the bank’s price target for Alibaba’s Hong Kong shares by a substantial 45% to HK$240. This represents the most optimistic projection among all analysts tracked by Bloomberg. The renewed confidence emerged following the Apsara Conference, where JPMorgan specialists grew “increasingly positive” about AliCloud’s revenue capabilities.

Yao particularly emphasized the complementary relationship between cloud... Read more...