Alibaba Best Placed to Capture External AI Demand -- Market Talk

Dow Jones

11/27

0225 GMT - Alibaba's higher-than-peer capital expenditure suggests it is best positioned to capture external AI demand, DBS analysts say in a research note. The Chinese e-commerce giant's full-stack AI capability, from chips to AI models to applications, supports its cost-performance advantage and margin outlook, they say. "The company's strategy of acquiring and operating with a diverse set of AI chips enables it to better capture external cloud demand." DBS trims its target price on Alibaba to HK$213.00 from HK$223.00 while maintaining a buy call, given its still-heavy investment in quick commerce. Shares are 1.0% lower at HK$153.20. (sherry.qin@wsj.com)

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November 26, 2025 21:25 ET (02:25 GMT)

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The Chinese e-commerce giant's full-stack AI capability, from chips to AI models to applications, supports its cost-performance advantage and margin outlook, they say. \"The company's strategy of acquiring and operating with a diverse set of AI chips enables it to better capture external cloud demand.\" DBS trims its target price on Alibaba to HK$213.00 from HK$223.00 while maintaining a buy call, given its still-heavy investment in quick commerce. Shares are 1.0% lower at HK$153.20. 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The Chinese e-commerce giant's full-stack AI capability, from chips to AI models to applications, supports its cost-performance advantage and margin outlook, they say. \"The company's strategy of acquiring and operating with a diverse set of AI chips enables it to better capture external cloud demand.\" DBS trims its target price on Alibaba to HK$213.00 from HK$223.00 while maintaining a buy call, given its still-heavy investment in quick commerce. Shares are 1.0% lower at HK$153.20. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2025 21:25 ET (02:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1719994722.HKD","symbol_name":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586529036","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586529036","pubTimestamp":1764210300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0225 GMT - Alibaba's higher-than-peer capital expenditure suggests it is best positioned to capture external AI demand, DBS analysts say in a research note. The Chinese e-commerce giant's full-stack AI capability, from chips to AI models to applications, supports its cost-performance advantage and margin outlook, they say. \"The company's strategy of acquiring and operating with a diverse set of AI chips enables it to better capture external cloud demand.\" DBS trims its target price on Alibaba to HK$213.00 from HK$223.00 while maintaining a buy call, given its still-heavy investment in quick commerce. Shares are 1.0% lower at HK$153.20. 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The Chinese e-commerce giant's full-stack AI capability, from chips to AI models to applications, supports its cost-performance advantage and margin outlook, they say. \"The company's strategy of acquiring and operating with a diverse set of AI chips enables it to better capture external cloud demand.\" DBS trims its target price on Alibaba to HK$213.00 from HK$223.00 while maintaining a buy call, given its still-heavy investment in quick commerce. Shares are 1.0% lower at HK$153.20. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2025 21:25 ET (02:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}