---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40708356.md"
description: "$BABA-W(09988.HK) Even with good earnings, it won't rise much. All the capital has flowed into the hardware computing power sector."
datetime: "2026-05-13T05:10:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40708356.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40708356.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40708356.md)
author: "[moderndog](https://longbridge.com/en/profiles/19212784.md)"
---

# $BABA-W(09988.HK) Even with good earnings, it won'…


### Related Stocks

- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)
- [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)

## Comments (7)

- **Nestea · 2026-05-13T05:14:37.000Z**: Alibaba has PPUs, you didn't know that, did you?
  - **moderndog** (2026-05-13T05:19:18.000Z): This thing is for in-house use only, it can't generate cash flow. I'm talking about a pure hardware company.
  - **Nestea** (2026-05-13T05:21:18.000Z): …Go find someone who has done Ai work and ask them, see if it's purely for internal use.
  - **moderndog** (2026-05-13T05:25:26.000Z): Buddy, I work in domestic GPUs, I know the domestic ecosystem inside out. Meta and Microsoft also have their own in-house GPUs. I think their earnings report is good, but it doesn't necessarily mean t