Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Expects Alibaba Cloud Rev. CAGR to Be 30%+ Over Next 3 Yrs, Keeps Rating at Outperform for BABA
Recommend 19 Positive 26 Negative 7 |
||||
|
||||
|
In the AI era, BABA-W (09988.HK)'s Alibaba Cloud implemented a full-stack layout, creating a full-stack technology system covering large models, intelligent computing infrastructure and AI development platforms, so as to enable the Company to seize global expansion opportunities and build a competitive 'moat', CICC published a research report saying. Alibaba Cloud's Tongyi series models maintain global technological leadership through open-source strategies, the broker added. The Group substantially increased its capital expenditure budget for this initiative while developing proprietary core hardware. Coupled with an infrastructure network spanning 29 regions and 92 availability zones worldwide, this enables relatively controllable computing power supply and scalable deployment. Alibaba Cloud's revenue is now expected to achieve a CAGR exceeding 30% over the next three years. Therefore, CICC kept its target prices for BABA-W's H-shares/ US stock at $197/ US$204, with ratings at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
