Bullish AI Catalyst for Alibaba

27 days ago

Nathan Hager & Valerie Teitel

"Alibaba was upgraded by both Morgan Stanley and Morningstar about their excitement of their planned AI capex spending that they pledged last week. Morgan Stanley looking very positive on their cloud revenue. And Morningstar is saying that the shares are undervalued. And that's quite a statement given the shares have already rallied 50 percent this month alone."

Morgan Stanley and Morningstar upgrades on Alibaba underscore a bullish sentiment driven by their planned AI capital expenditure. Despite a significant rally this month, analysts suggest the stock remains undervalued, reflecting strong potential in Alibaba's cloud revenue and AI initiatives.

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