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Jun 27 at 11:31 AM
$Alibaba(BABA.US)has been declining sharply recently due to a combination of geopolitical shocks, new negative headlines, and ongoing fundamental pressures.
Anthropic accused Alibaba of illicitly accessing its Claude AI models using ~25,000 fake accounts. This has been a fresh catalyst for selling. It adds to concerns about AI ethics, potential legal/regulatory fallout, and execution risks in Alibaba’s heavy AI push.
The Pentagon news created a major exogenous shock in early June, leading to institutional outflows and a higher risk discount. Fresh Anthropic allegations in late June added fuel, pushing the stock to new lows.
AI/cloud growth is real and accelerating (prior quarters showed 30–40%+ external cloud gains with AI as a big driver), but short-term pain from spending + geopolitical noise dominates.
@Bridge Buzz SG
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