9月25日，阿里巴巴-W盘中下跌3.09%，报106.6港元/股，成交额3.56亿港元。
消息面上，全球科技板块调整与美债利率高企对科技股估值形成牵制，港股大型科技股集体走弱。此外，市场对阿里巴巴大规模AI资本投入的回报周期持续存疑：公司此前在云栖大会提出2032年全球数据中心规模超20GW的目标，花旗上调其未来三年资本开支预测至2580亿至2830亿元人民币，持续的大手笔投入挤压利润与自由现金流水平。叠加股东大会已批准10%新股发行授权带来的潜在摊薄担忧，短线抛压延续。
（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）
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