Alibaba Best Placed to Capture External AI Demand -- Market Talk
Dow Jones
Nov 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)
(END) Dow Jones Newswires
November 26, 2025 21:25 ET (02:25 GMT)
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