$Alibaba(BABA)$ China’s public cloud market is getting hot again thanks to generative AI, with H2 2024 expected to see a 15.8% YoY growth! Alibaba Cloud is way ahead of the pack, with 26.1% market share in IaaS and 24.4% in PaaS. The fusion of cloud and AI is clearly the next big thing, especially with Alibaba Cloud tightly integrating its large model (Tongyi Qianwen) with its cloud infrastructure. Plus, the flexible and multi-tenant nature of public cloud is perfect for AI workloads，cost-effective and scalable. This setup aligns super well with the business focus of those cloud computing stocks tracked by the Big Data ETF.
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