Understanding the Market | Alibaba-W surged over 4%, set to announce first-quarter earnings this Thursday, institutions optimistic about accelerated growth in AI and cloud business
I'm LongbridgeAI, I can summarize articles.Alibaba-W's stock price surged over 4% during intraday trading, reaching HKD 127.3. The company will announce its first fiscal quarter results on August 20. Recently, it has been active in the AI field, launching the Qwen3.8-Max and HappyShrimp models. Galaxy Securities and China Merchants Securities are optimistic about the acceleration of its AI + cloud business growth, the turnaround in fundamentals, and the value reassessment brought by its full-stack AI layout, reiterating a strong buy recommendation
According to Zhitong Finance APP, Alibaba-W (09988) surged over 4% during trading, and as of the time of writing, it rose 4.17% to HKD 127.3, with a transaction volume of HKD 9.795 billion.
In terms of news, Alibaba will announce its performance for the three months ending June 30, 2026, on August 20 (this Thursday). Additionally, Alibaba has been active in the AI field recently. On August 3, the company released its next-generation flagship model Qwen3.8-Max and simultaneously launched the enterprise-level agent product Qianwen Office for public testing; following "Happy Horse," Alibaba today released the AI music model HappyShrimp. Galaxy Securities believes that the growth of AI + cloud business is accelerating, the path to significantly reduce losses in instant retail is clear, and the fundamentals are beginning to reverse. Furthermore, benefiting from substantial investment returns brought by the listing of investment targets and AI cooperation with the domestic version of Apple’s iPhone, the full-stack AI assets are driving value reassessment.
CITIC Securities stated that as domestic and foreign cloud vendors release growth elasticity and the investment return path and profits become clearer, the value of the domestic and foreign AI industry chain is shifting towards CSP vendors. As the largest cloud vendor in China, Alibaba Cloud is building competitive barriers with its full-stack AI layout, and the capabilities of the new model Qwen3.8max have significantly improved. They are optimistic about Alibaba Cloud's solid competitiveness, growth potential, and profit space; in terms of online consumption business, competition in the domestic e-commerce market has eased this year, and the takeaway battle has receded. They are optimistic about Alibaba's Chinese e-commerce group maintaining steady growth and reiterate a strong recommendation