To The Moon

I think the most interesting part of this AI cycle is the shift from “AI that answers” to “AI that acts.” GPUs will remain essential for model inference, but autonomous agents could create a much broader infrastructure demand. Every task may require CPU capacity, networking, storage, databases, APIs and constant background processing. That changes the investment question. Instead of simply asking how many GPUs AI needs, we should ask how much total infrastructure is required to support billions of agents working simultaneously. I also find the ecosystem angle fascinating. An agent becomes far more useful when it can actually search, book, pay, communicate and execute tasks. That gives companies with strong consumer ecosystems another potential advantage. To me, the next AI opportunity may

AI may be moving from “answering questions” to actually doing work — and that could make CPUs important again. The latest AI trade is no longer just about GPUs. Meta’s new AI agent, Muse, has pushed investors to rethink what the next phase of AI infrastructure may actually require. Why?Because an AI agent does much more than generate an answer. It may need to:open a browser,search the web,fill out forms,call APIs,run tools,manage files,and keep working in the background for minutes or even hours. That changes the compute equation. For a chatbot, the workflow is relatively simple: Prompt → GPU inference → Response For an AI agent, it looks more like: Think → Browse → Execute → Check → Think Again → Continue GPUs still handle the heavy model inference. But many of the surrounding workloads —

The core debate boils down to two factors: The Bear Case (Burry Framework): Heavy capital expenditure on AI and cloud infrastructure acts as a margin drag in the near term, diluting existing shareholders through massive equity placements while competitive pressures limit immediate monetization. The Bull Case: AI spending is the mandatory price of admission to re-accelerate Alibaba Cloud, position the company as China's premier AI backbone, and drive long-term top-line growth. The Bottom Line: Don't trade solely on insider buys following a major share dilution. Wait for concrete evidence in quarterly Cloud revenue growth and margin stabilization before declaring the AI capex cycle a net positive for earnings per share.

Michael Burry exiting Alibaba to rotate into JD.com highlights valid concerns over return on invested capital, as a 75% profit plunge driven by a $10.2B equity dilution and a 75% spike in quarterly capex ($9.98B) creates severe near-term margin friction. However, the CEO’s ~$4.98M insider purchase—combined with cloud revenue accelerating to 45% growth and AI product revenue delivering triple-digit gains—proves that AI infrastructure spending is an essential entry ticket to cloud reacceleration rather than a permanent drag. With 40%+ cloud growth and expanding segment EBITA margins (12%), waiting for post-earnings clarity will likely confirm that Alibaba’s short-term margin compression is laying the structural foundation for long-term cloud dominance.

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

Baba has been a slippery stock

$Alibaba(BABA)$ Alibaba Group Holding Ltd. (NYSE: BABA) has suddenly become a battleground between two very different investment philosophies. On one side is Michael Burry, the investor made famous by The Big Short, who has exited Alibaba and shifted his capital toward rival JD.com. Burry argues that Alibaba’s decision to issue roughly $10.2 billion of new shares to finance artificial-intelligence investment signals potentially poor returns on invested capital. He has reportedly said Alibaba would need to fall roughly 50% before he becomes interested again. On the other side is Alibaba's own management. CEO Eddie Wu purchased 350,000 Alibaba shares for approximately $4.984 million, at an average price of $14.24 per share on the Form 4 reporting ba

🔥 Alibaba, PDD, Tencent, JD.com & Sea/Shopee — which one is best positioned for the next AI + e-commerce cycle? I’ve been thinking about the recent debate around Alibaba and Michael Burry’s bearish view. Alibaba is down about 0.7% in the U.S. session in the screenshot, while its Hong Kong shares were slightly higher. But personally, I think focusing only on “Is Alibaba a buy or sell?” misses the bigger picture. 👉 The more interesting question is: What happens to the entire Asian internet sector as companies spend aggressively on AI, compete for online consumers, and try to turn that investment into higher future revenue? Instead of looking at one stock at a time, I want to compare several companies that are exposed to this broader trend: 🇨🇳 Alibaba — AI + Cloud + E-commerce 🇨🇳 PDD Hold

$Alibaba(BABA)$ has raised approximately $10.2 billion by selling new Hong Kong-listed shares after spending almost $10 billion on capital expenditure in a single quarter. The placement gives the company more capacity to build AI infrastructure, but it also transfers part of the risk to shareholders immediately. From this point, cloud growth must become cash generation quickly enough to justify dilution and the lost flexibility of a previously cash-rich balance sheet. $BABA-W(09988)$ reported on August 20 for the quarter ended June 30. Revenue increased 9% to RMB269.0 billion, while AI Cloud and Compute Services revenue rose 45% to RMB48.4 billion. AI-related product revenue reached RMB12.4 billion and d

I would wait rather than chase the insider buy. The more important signal has already arrived in the numbers: Alibaba’s cloud and AI-services revenue grew 45%, but quarterly net profit fell 75% as capex surged 75% to RMB67.68bn.  That actually strengthens both sides of the debate. Bulls can point to genuine cloud reacceleration, while bears can argue that Alibaba is effectively buying that growth at a very high near-term cost. The HK$80bn placement adds dilution and raises the hurdle further. Alibaba now needs to demonstrate that AI infrastructure produces attractive incremental returns, not merely faster revenue. Management is targeting roughly a mid-teens return on AI investment over three years.  So I would treat the CEO purchase as a confidence signal, not a buy signal. The m

Owing the tax collector is a natural choice but it is not risk free. While there is pricing power now, the ability to do so subsequently depends on the tax payers willingness and ability to keep paying the toll - empty pockets or going into debt would be a concern for the tax collector too.

Own the Toll Collector, Not the Toll Payer I’d rather own Nvidia than the companies paying the higher AI bill—but only if its pricing power proves sustainable. Rising memory costs are turning AI infrastructure into a margin test: Nvidia can pass costs downstream, while server builders and cloud providers face heavier capex. The bigger question is whether AI demand remains strong enough to absorb those increases. If customers keep spending aggressively, Nvidia’s pricing power strengthens. If budgets tighten, higher server costs could eventually slow deployments. So for me, Nvidia remains the “toll collector,” but valuation matters. I’d rather buy on meaningful pullbacks than chase strength ahead of earnings. @Marktomarket [微笑]

Hello. Last friday's US session was a quiet one — $Invesco QQQ(QQQ)$ closed up 0.35 per cent, $SPDR S&P 500 ETF Trust(SPY)$ 0.41 per cent and the Dow 0.98 per cent — though the week as a whole still finished lower. What mattered happened after the close. On 23 August $BABA-W(09988)$ announced and priced a placement of new shares worth HK$80 billion, about US$10.2 billion, sold at an 8.4 per cent discount, with the net proceeds going into full-stack AI infrastructure. That is the fourth such raise in the same week. Intel sold US$20 billion of stock at US$95 a share;

$BABA-W(09988)$  fell 10% on Monday (24 August) morning after announcing plans to raise approximately HK$80 billion through a share sale. The placement is expected to dilute earnings and weigh on the stock’s near-term performance. Amplifying the move, the $Alibaba 5xShortSG270907(RHDW.SI)$  rose 50% in early trading, while the $Alibaba 5xLongSG270712(ZVNW.SI)$ fell a similar magnitude. The weakness spilled into the broader technology sector, pushing the $HSTECH(HSTECH)$  down approximately 3.5%. Correspondingly, the  $HSTECH 7xShortSG270309(9B2W.SI)$<

📊 Alibaba’s latest quarter shows a fascinating contradiction: the business is growing, especially in Cloud and AI, but the cost of that growth is becoming increasingly visible in earnings and cash flow. 🚀 Revenue Growth Is Still Real Alibaba’s August 2026 quarter, FY27 Q1, delivered revenue of approximately CN¥268.95bn, representing 8.6% year-over-year growth and slightly beating expectations. 📈 The biggest highlight was Cloud & AI Compute Services, which generated around CN¥48.4bn, up roughly 45% YoY. ☁️🤖 This was one of the strongest growth rates Alibaba’s cloud business has delivered in years and reinforces the argument that AI computing demand is becoming an increasingly important growth engine. However, investors need to look beyond the revenue headline. 👀 While sales are accelera

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totally agree that the persistent strength in Gold is telling that Bessent's rescue has failed. The fact that treasury showing panic and blinked is telling. @mr_cashcow come comment for coins.

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

AI may be moving from “answering questions” to actually doing work — and that could make CPUs important again. The latest AI trade is no longer just about GPUs. Meta’s new AI agent, Muse, has pushed investors to rethink what the next phase of AI infrastructure may actually require. Why?Because an AI agent does much more than generate an answer. It may need to:open a browser,search the web,fill out forms,call APIs,run tools,manage files,and keep working in the background for minutes or even hours. That changes the compute equation. For a chatbot, the workflow is relatively simple: Prompt → GPU inference → Response For an AI agent, it looks more like: Think → Browse → Execute → Check → Think Again → Continue GPUs still handle the heavy model inference. But many of the surrounding workloads —

I think the most interesting part of this AI cycle is the shift from “AI that answers” to “AI that acts.” GPUs will remain essential for model inference, but autonomous agents could create a much broader infrastructure demand. Every task may require CPU capacity, networking, storage, databases, APIs and constant background processing. That changes the investment question. Instead of simply asking how many GPUs AI needs, we should ask how much total infrastructure is required to support billions of agents working simultaneously. I also find the ecosystem angle fascinating. An agent becomes far more useful when it can actually search, book, pay, communicate and execute tasks. That gives companies with strong consumer ecosystems another potential advantage. To me, the next AI opportunity may

📊 Alibaba’s latest quarter shows a fascinating contradiction: the business is growing, especially in Cloud and AI, but the cost of that growth is becoming increasingly visible in earnings and cash flow. 🚀 Revenue Growth Is Still Real Alibaba’s August 2026 quarter, FY27 Q1, delivered revenue of approximately CN¥268.95bn, representing 8.6% year-over-year growth and slightly beating expectations. 📈 The biggest highlight was Cloud & AI Compute Services, which generated around CN¥48.4bn, up roughly 45% YoY. ☁️🤖 This was one of the strongest growth rates Alibaba’s cloud business has delivered in years and reinforces the argument that AI computing demand is becoming an increasingly important growth engine. However, investors need to look beyond the revenue headline. 👀 While sales are accelera

🔥 Alibaba, PDD, Tencent, JD.com & Sea/Shopee — which one is best positioned for the next AI + e-commerce cycle? I’ve been thinking about the recent debate around Alibaba and Michael Burry’s bearish view. Alibaba is down about 0.7% in the U.S. session in the screenshot, while its Hong Kong shares were slightly higher. But personally, I think focusing only on “Is Alibaba a buy or sell?” misses the bigger picture. 👉 The more interesting question is: What happens to the entire Asian internet sector as companies spend aggressively on AI, compete for online consumers, and try to turn that investment into higher future revenue? Instead of looking at one stock at a time, I want to compare several companies that are exposed to this broader trend: 🇨🇳 Alibaba — AI + Cloud + E-commerce 🇨🇳 PDD Hold

$Alibaba(BABA)$ has raised approximately $10.2 billion by selling new Hong Kong-listed shares after spending almost $10 billion on capital expenditure in a single quarter. The placement gives the company more capacity to build AI infrastructure, but it also transfers part of the risk to shareholders immediately. From this point, cloud growth must become cash generation quickly enough to justify dilution and the lost flexibility of a previously cash-rich balance sheet. $BABA-W(09988)$ reported on August 20 for the quarter ended June 30. Revenue increased 9% to RMB269.0 billion, while AI Cloud and Compute Services revenue rose 45% to RMB48.4 billion. AI-related product revenue reached RMB12.4 billion and d

$Alibaba(BABA)$ Alibaba Group Holding Ltd. (NYSE: BABA) has suddenly become a battleground between two very different investment philosophies. On one side is Michael Burry, the investor made famous by The Big Short, who has exited Alibaba and shifted his capital toward rival JD.com. Burry argues that Alibaba’s decision to issue roughly $10.2 billion of new shares to finance artificial-intelligence investment signals potentially poor returns on invested capital. He has reportedly said Alibaba would need to fall roughly 50% before he becomes interested again. On the other side is Alibaba's own management. CEO Eddie Wu purchased 350,000 Alibaba shares for approximately $4.984 million, at an average price of $14.24 per share on the Form 4 reporting ba

Hello. Last friday's US session was a quiet one — $Invesco QQQ(QQQ)$ closed up 0.35 per cent, $SPDR S&P 500 ETF Trust(SPY)$ 0.41 per cent and the Dow 0.98 per cent — though the week as a whole still finished lower. What mattered happened after the close. On 23 August $BABA-W(09988)$ announced and priced a placement of new shares worth HK$80 billion, about US$10.2 billion, sold at an 8.4 per cent discount, with the net proceeds going into full-stack AI infrastructure. That is the fourth such raise in the same week. Intel sold US$20 billion of stock at US$95 a share;

Hello. The Treasury's buyback tool was upsized again, and the bond market bought it for half a day. US Treasury Secretary Bessent said on Thursday that the size of each long-dated Treasury buyback had gone from US$2 billion to at least US$4 billion, and could rise further. The 30-year yield fell as much as 10 basis points and the dollar index weakened — and then the bond market pushed back. The reason is simple enough: buybacks deal with liquidity, while the deficit, inflation and the term premium have not moved at all. There was a new variable that day: the consumer. $S&P 500(.SPX)$ closed down 0.87 per cent and $Dow Jones(.DJI)$ 1.32 per cent, about 600 points — Barro

Last Week's Recap 1. Weekly Market Digest: Stocks Flat, Yields at 2007 Highs, Inflation Moderates, Oil Rebounds Flat market — U.S. indexes were little changed as stocks took a breather after the prior week's record highs. S&P 500 and NASDAQ ended fractionally higher; Dow fractionally lower. Elevated yields — 30-year Treasury yield climbed back to ~5.26% (highest since 2007); 10-year at 4.69%, while the 2-year eased slightly to 4.17%. Moderating inflation — July CPI held steady at 3.4% annual rate (down from June's 3.5%); PPI showed inflation little changed from the prior month. Robust revenue — S&P 500 Q2 revenue growth on pace for 15% (highest since Q4 2021), per FactSet; earnings growth tracking above 50%, strongest since Q2 2021. Oil rebounds — U.S. crude rose above $82 Friday (

$NetEase(NTES)$ enters its August 20 second-quarter report with a profitable domestic games franchise and a growing collection of international titles. The central question is whether global releases can create durable growth without the marketing expense, development risk and regulatory exposure that have historically limited Chinese publishers overseas. NetEase reported its first quarter on May 21 for the period ended March 31. Revenue increased 6.1% year over year to RMB30.6 billion, or approximately $4.4 billion. Games and related services revenue rose 6.9% to RMB25.7 billion, accounting for about 84% of the company total. Gross profit increased 14.8% to RMB21.2 billion, while non-GAAP net income attributable to shareholders reached RMB11.3 bi

Hello. The weekend is over, and the most striking thing left from Friday's close was a pair of numbers pointing opposite ways: $Advanced Micro Devices(AMD)$ up 6.50 per cent, $Broadcom(AVGO)$ down 5.94 per cent. Both are AI chip names, and they spent the day going in different directions. What the market was reading that day was not results. It was second-quarter position disclosures. Stanley Druckenmiller's 13F showed him loading up on Amazon and AMD while dumping a batch of chipmakers, and a Soros fund was adding AMD too, alongside $Micron Technology(MU)$, $Appli

Hello. The first thing to move this week was not a set of results. It was policy. The US government spoke up and asked Apple to steer clear of Chinese memory chips. That one request lifted the entire memory chain on Monday. $SanDisk Corp.(SNDK)$ closed up 8.88 per cent at US$1,786.85, and $Tradr 2X Long SNDK Daily ETF(SNXX)$ rose 17.73 per cent in a day. $Micron Technology(MU)$ closed up 4.13 per cent at US$1,011.75, back above US$1,000. $Western Digital(WDC)$ rose 5.35 per cent, $SK hynix(SKHY)$ 3.04 p

$Alibaba(BABA)$’s agreement to sell Lingxi Games reflects a broader portfolio reset. Management is converting non-core assets into financial capacity for cloud computing and artificial intelligence, but divestment alone does not prove that the retained businesses will earn adequate returns on their rising investment. Trustar Capital confirmed on August 17 that it had agreed to acquire $BABA-W(09988)$’s entire Lingxi stake. A person familiar with the transaction told Reuters that proceeds should exceed $2 billion, although the companies did not disclose final terms or a closing timetable. Lingxi’s management is expected to remain. Reuters’ August 17 transaction report provides the available details. The s

After the Hong Kong market closes on August 20, Alibaba will release its first-quarter FY2027 earnings report. According to analyst estimates, Alibaba’s Q1 FY2027 revenue is expected to reach RMB 268.53 billion, representing an 8.4% year-over-year increase, while adjusted EPS is estimated at RMB 1.397. In terms of stock performance, Alibaba’s stock has generally been on a downward trend this year. After hitting a low in late June, the stock has since rebounded somewhat, but it remains down approximately 12.6% year to date. As for revenue structure, Alibaba’s business is primarily divided into four segments: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others. China E-commerce remains the company’s largest revenue contributo

$BABA-W(09988)$  fell 10% on Monday (24 August) morning after announcing plans to raise approximately HK$80 billion through a share sale. The placement is expected to dilute earnings and weigh on the stock’s near-term performance. Amplifying the move, the $Alibaba 5xShortSG270907(RHDW.SI)$  rose 50% in early trading, while the $Alibaba 5xLongSG270712(ZVNW.SI)$ fell a similar magnitude. The weakness spilled into the broader technology sector, pushing the $HSTECH(HSTECH)$  down approximately 3.5%. Correspondingly, the  $HSTECH 7xShortSG270309(9B2W.SI)$<

Alibaba reports fiscal Q1 2027 earnings before the U.S. market opens on August 20. Wall Street is expecting revenue of around RMB 268.5 billion, up 13.6% year over year, while adjusted EPS is expected to fall about 10.7% to RMB 11.18. Adjusted net income is seen dropping roughly 16% to RMB 25.2 billion, according to Bloomberg. $Alibaba(BABA)$ $BABA-W(09988)$ Is all that AI spending finally starting to pay off? Alibaba has been pouring money into AI infrastructure, cloud capacity and instant commerce. Last quarter, Alibaba Cloud revenue jumped 38% to RMB 41.6 billion, while AI-related products accounted for roughly 30% of external cloud revenue. Bloomberg expects Alibaba's cloud revenue to grow roughly 42

🚀 Trading With the Trend, Then Trading the Rebound Every trading day tells a different story. Some days the market trends strongly in one direction, while other days it swings back and forth. The key lesson I continue to learn is that I don’t need to predict every move. Instead, I want to react to what the market is showing me. Today, I traded the FTSE China A50 Index Futures September 2026 contract (CN2609) listed on the Singapore Exchange (SGX). My approach was simple. I first followed the bearish momentum by taking a short position. After locking in that profit, I observed signs that the selling pressure was easing and switched to a long position to capture a small rebound. This article explains my trade, the contract specifications, and several futures trading concepts for educational

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

Alibaba (BABA) June-quarter 2026 revenue rose 9% YoY to ~RMB 269B. Cloud/AI external revenue accelerated to +45%, with AI-related products delivering a 12th consecutive quarter of triple-digit growth. Core e-commerce (customer management revenue) remains soft amid competition and macro pressures; overall profitability was impacted by heavy AI investments and lower investment gains. New models (Qwen series) and agentic tools are advancing. Shares have recovered from 52-week lows but remain volatile (recently around the $120 area). Valuation is inexpensive relative to AI/cloud growth potential; many analysts maintain Buy ratings with meaningful upside targets. Future potential: Improving via AI/cloud transformation, which is increasingly offsetting e-commerce headwinds. Success depends on su

📈 Covered Call Case Study – KWEB Internet ETF Disclaimer: This article is for educational purposes only and is not financial advice. Options involve risk and may not be suitable for all investors. ⸻ Why I Chose KWEB KWEB (KraneShares CSI China Internet ETF) gives exposure to many large Chinese internet companies such as Alibaba, Tencent, JD.com, Baidu and others. Instead of trying to predict the exact direction of each company, I prefer owning the ETF and generating additional income by selling covered calls. From my chart, KWEB is trading around $26.38 after previously falling from above $40. Although the long-term trend has been weak, I believe the downside may be more limited than before, making it a reasonable candidate for an income strategy. ⸻ Step 1 – Buy 100 Shares A covered call s