---
title: "BABA went completely crazy this week 🔥 The Yunqi Conference was a blockbuster hit, the ZhenWu V900 chip was unveiled, and Wall Street collectively raised target prices."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/44033549.md"
description: "This week's Alibaba can only be described as 'crazy' 🚀 Starting from Tuesday's Apsara Conference, $Alibaba(BABA.US) took off directly 🔥 📊 Let's look at the numbers: - Low of $107 on 9/16 → Close of $116 on 9/22 - Intraday peak broke through $120 🎯 - Weekly gain this week ≈ +8.5% - Trading volume surged 58%, with over $1.4 billion pouring in. Who is buying is already obvious. The truly explosive news 👇 ① Release of Zhenwu V900 AI chip 🚀 Developed by T-Head, its computing power is 3 times that of the previous generation M890..."
datetime: "2026-09-23T06:36:47.000Z"
locales:
  - [en](https://longbridge.com/en/topics/44033549.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/44033549.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/44033549.md)
author: "[Senior Retail Investor](https://longbridge.com/en/profiles/91.md)"
generator: "portal-rs"
---

# BABA went completely crazy this week 🔥 The Yunqi Conference was a blockbuster hit, the ZhenWu V900 chip was unveiled, and Wall Street collectively raised target prices.

**Alibaba this week can only be described as 'going crazy' 🚀**

Starting from the Tuesday Apsara Conference, $Alibaba(BABA.US) took off 🔥

* * *

📊 **Let's look at the numbers:**  
 - Low of 9⁄16: $107 → Close of 9⁄22: $116  
 - Intraday high briefly broke $120 🎯  
 - Weekly gain ≈ +8.5%  
 - Trading volume surged 58%, with over $1.4bn pouring in

Yuan. Who is buying is already obvious.

* * *

**The truly explosive news 👇**

**① True Warrior V900 AI Chip Launch 🚀**  
 Developed by T-Head, its computing power is **3x** that of the previous M890 generation, supporting clusters of 500k units, with mass production in 2027 Q1. Who is it benchmarking? Guess 🤫

**② CEO Eddie Wu: Global Data Centers by 2032 → 20GW**  
 Not just a PPT pitch, but $53bn (380bn RMB) of real capital invested over three years. Citi ran the numbers: external cloud revenue for FY2033 will be $160bn, up from their previous forecast of $100bn—a direct 60% upward revision.

**③ Tongyi Qianwen 4 Currently in Training**  
 Planned parameter scale: 5 trillion → 10 trillion. This scale burns real money 💰

**④ Management ALL IN**  
 Jack Ma and Eddie Wu both increased their holdings, buying their own stock with real cash. This isn't just talk; it's an AI strategy backed by action.

* * *

**🏦 On Wall Street:**

| Firm                 | Rating                           | Target Price |
| -------------------- | -------------------------------- | ------------ |
| Morgan Stanley       | Overweight                       | $180         |
| BofA                 | Buy                              | $175         |
| Susquehanna          | Buy                              | $190         |
| Citi                 | Positive catalyst within 30 days | —            |
| **Consensus Target** | **Moderate Buy**                 | **$186.9**   |

Current $116 → Consensus target implies **+60% upside**

* * *

**A bit of hard truth:**

BABA is still down 23-33% YTD, PE=26, PB, Market Cap $279bn

A company with $144bn annual revenue, holding 40% share of the China cloud market, self-developed AI chips, and acting as a cash flow machine…  
 At this valuation, do you think it's expensive?

Or is the market just determined to discount Chinese assets until no one believes in them anymore? 🤡

* * *

**My view:**

The catalyst this week isn't short-term noise; it's Alibaba's **identity shift from an e-commerce company to an AI infrastructure company**.

$53bn poured into AI, self-developed chips, trillion-parameter models, and global data centers.  
 This isn't defense; it's offense.

When the market wakes up one day to realize:  
 *'Wait, BABA isn't an e-commerce stock; it's an AI company.'*

Then the valuation… won't be just 26x PE 🤷

* * *

**📌 What to watch next:**  
 - 9⁄24 Trump-Xi meeting — Semiconductor sanctions topic  
 - Any more surprises from the Apsara Conference in the next two days  
 - Q2 Earnings: Can Alibaba Cloud growth exceed 50%?

> *Not financial advice, DYOR*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**