Morningstar: Alibaba's capital expenditure expectations indicate strong demand for AI infrastructure
Morningstar senior stock analyst Tan Qiheng stated that Alibaba's adjusted capital expenditure expectations indicate that the demand for AI infrastructure is even stronger than anticipated. The Hangzhou-based company announced plans to increase spending on AI and cloud infrastructure on top of the RMB 380 billion commitment made in February, and unveiled a new large language model at its 2025 Cloud Summit held in Hangzhou. Tan Qiheng mentioned that increased demand signifies a more optimistic outlook and emphasized that AI and cloud are the highlights for Alibaba
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