On July 9, Alibaba rose 3.46% overnight, trading at $112.39/share, with turnover of $25.18 million, extending the prior session's strong 11%+ rally.

On the news front, multiple catalysts continued to drive the stock higher. Alibaba's FY2027 Q1 earnings preview revealed that Alibaba Cloud quarterly revenue growth accelerated to approximately 45%, significantly exceeding the prior market consensus of 40%, while EBITA margin improved to low double digits. Meanwhile, Taobao Instant Commerce (flash delivery) reported losses narrowing faster than expected, with unit economics gap versus competitors shrinking while maintaining stable market share.

Additionally, Chinese regulatory officials reportedly signaled to Alibaba, ByteDance, and DeepSeek that they may soon be permitted to procure certain NVIDIA H200 chips, providing crucial computing power support for AI development. Citigroup raised its Q2 revenue and profit forecasts for Alibaba, while Jefferies reaffirmed Alibaba as its top AI investment pick. UBS noted the market is refocusing on Alibaba's valuable AI assets and growth trajectory.

(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.)