On October 14, Alibaba rose 3.03% Overnight, trading at $114.29/share, with turnover of $19.12 million.
The clearest catalyst was a fresh broker note maintaining an Overweight rating while arguing that Alibaba could reach a key inflection in the December quarter, when cloud operating profit is expected to exceed losses from AI model and application development for the first time. That implies AI investment may begin to self-fund rather than rely solely on group support.
Supporting the move, the same update lowered the Hong Kong target price to HK$195 and the US target price to $200, while stating the market may not yet fully reflect the expected cloud-AI profitability crossover and the potential for cloud revenue growth to remain above 50% into fiscal 2028. Separately, reports said Alibaba is preparing an e-commerce version of Qwen Office ahead of the Double 11 presale period, reinforcing expectations that AI products are moving deeper into commercial use cases.
(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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