Alibaba Group Likely to Benefit from AI Cloud Business
Dow Jones
Aug 21
0837 GMT - Alibaba Group is likely to benefit from its artificial-intelligence cloud business, according to Daiwa analyst John Choi in a research note. Losses at its AI labs and applications as well as all other segments will peak this quarter, the analyst says. Daiwa estimates AI labs and apps will see losses decline sequentially thanks to better model training efficiency, improved inference efficiency and lower marketing intensity, he says. Daiwa keeps a buy rating and raises the target price for Alibaba's ADRs to $185.00 from $180.00. The ADRs last closed at $130.53.
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