8月31日，阿里巴巴盘中下跌3.01%，报115.356美元/股，成交额1.53亿美元。
消息面上，阿里巴巴近期完成800亿港元新股配售，以每股112.70港元配售7.1亿股，股权稀释约3.7%，所得资金全部投向全栈AI基础设施。配股公布后阿里港股单周累计下跌约7.5%，市场对高强度资本开支回报周期持续存疑。摩根大通研报指出，折价配售本身仅造成约0.3%的机械性影响，市场对老股东额外重估造成约190亿美元市值损失，认为反应明显过度。但最新一季财报显示，公司归母净利润同比大降75.56%至105.37亿元，资本开支同比增长75%至676.8亿元，自由现金流出现约446.7亿元净流出，盈利压力与现金流紧张进一步加重市场担忧。
（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。）
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.