MSALIBA@EC2611C

$Alibaba(BABA.US) is out of the water, and caramel popcorn is waving at me! Oh my god! It's Saturday.

Alibaba’s 9% revenue beat looks encouraging, but net income fell as heavy AI CAPEX weighs on profits. That’s a bet on future growth, not a problem yet—but returns still need to prove themselves. I’d hold if already invested, but stay on the sidelines rather than chase the stock now.

After earnings report, Futu was up 10% most of premarket, before giving up all gains upon market opening. Supports the hypothesis that American investors take Chinese ADRs very cautiously. not too different for Alibaba, I don't expect too much love from them.