Core Viewpoint - Alibaba's stock surged over 9% to $178.11, reaching its highest level since August 2021, following the announcement of a partnership with NVIDIA for Physical AI collaboration [1] Group 1: Partnership and AI Initiatives - Alibaba officially announced a collaboration with NVIDIA at the 2025 Alibaba Cloud Conference, focusing on various aspects of Physical AI, including data synthesis, model training, environmental simulation reinforcement learning, and model validation testing [1] - The company is actively advancing a 380 billion yuan investment in AI infrastructure and plans to increase its investment further [1] Group 2: Global Infrastructure Expansion - Alibaba Cloud announced a new round of global infrastructure expansion, which includes establishing cloud computing regional nodes in Brazil, France, and the Netherlands for the first time [1] - The company will also expand data centers in Mexico, Japan, South Korea, Malaysia, and Dubai to better serve the growing global demand for AI and cloud computing [1] Group 3: Analyst Ratings and Price Targets - Citigroup stated that Alibaba will benefit from structural opportunities brought by AI evolution, reaffirming a "Buy" rating with a target price of $187 [1] - Bank of America raised its target price for Alibaba from $168 to $195 [1] - Morgan Stanley is optimistic about Alibaba's position as China's leading AI enabler, maintaining a target price of $200 and a "Overweight" rating [1]

摩根士丹利发表报告称，预期阿里巴巴全球数据中心耗电量到2032年将较2022年增加10倍，并可能进一 步加大人工智能投资。同时，阿里巴巴发布了最新旗舰模型Qwen3-Max以及升级版的百炼智能体平 台。该行持续看好阿里巴巴作为中国最佳AI赋能者的地位，重申阿里巴巴目标价200美元，评级"增 持"。 周三，阿里巴巴(BABA.US)开盘涨近9%，创四年新高，年内股价累涨114%，现报177.70美元。消息面 上，在2025阿里云栖大会上，阿里巴巴正式宣布与英伟达开展Physical AI合作。合作覆盖了Physical AI 的实践的各个方面，包括数据的合成处理，模型的训练，环境仿真强化学习以及模型验证测试等。另 外，目前阿里正积极推进3800亿的AI基础设施建设，并计划追加更大的投入。 ...

（原标题：港股通（深）净买入84.80亿港元） 9月24日恒生指数上涨1.37%，报收26518.65点，全天南向资金通过港股通渠道合计净买入137.05亿港元。 证券时报•数据宝统计，9月24日港股通全天合计成交金额为1533.58亿港元，成交净买入137.05亿港元。 具体来看，沪市港股通成交金额987.99亿 港元，成交净买入52.25亿港元；深市港股通成交金额545.59亿港元，成交净买入84.80亿港元。 成交活跃股方面，沪市港股通前十大成交活跃股中，阿里巴巴-W成交额为160.93亿港元，成交金额居首；其次是中芯国际、山高控股，成交金额 分别为62.37亿港元、47.93亿港元。以净买卖金额统计，阿里巴巴-W净买入额为25.68亿港元，净买入金额居首，该股收盘股价上涨9.16%。净卖 出金额最多的是小米集团-W，净卖出4.33亿港元，收盘股价上涨2.62%。 深市港股通前十大成交活跃股中，成交额居首的是阿里巴巴-W，成交金额90.75亿港元；其次是中芯国际、腾讯控股，成交金额分别为36.83亿港 元、25.47亿港元。以净买卖金额统计，有9只股为净买入，净买入金额最多的是阿里巴巴-W，净买入27. ...

证券时报•数据宝统计显示，9月24日港股通（包括沪市港股通及深市港股通）成交活跃股合计成交 645.18亿港元，净买入金额为93.92亿港元。 9月24日上榜的成交活跃股中，阿里巴巴-W通过港股通渠道成交金额为251.68亿港元，净买入金额为 53.39亿港元，不仅如此，该股已连续24日出现成交净买入，累计净买入金额为674.55亿港元，其间股价 上涨50.39%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （原标题：阿里巴巴-W获南向资金连续24天净买入） 阿里巴巴-W获南向资金连续24天净买入，累计净买入金额为674.55亿港元，股价累计上涨50.39%。 ...

智通财经APP获悉，周三，阿里巴巴(BABA.US)开盘涨近9%，创四年新高，年内股价累涨114%，现报 177.70美元。消息面上，在2025阿里云栖大会上，阿里巴巴正式宣布与英伟达开展Physical AI合作。合 作覆盖了Physical AI的实践的各个方面，包括数据的合成处理，模型的训练，环境仿真强化学习以及模 型验证测试等。另外，目前阿里正积极推进3800亿的AI基础设施建设，并计划追加更大的投入。 摩根士丹利发表报告称，预期阿里巴巴全球数据中心耗电量到2032年将较2022年增加10倍，并可能进一 步加大人工智能投资。同时，阿里巴巴发布了最新旗舰模型Qwen3-Max以及升级版的百炼智能体平 台。该行持续看好阿里巴巴作为中国最佳AI赋能者的地位，重申阿里巴巴目标价200美元，评级"增 持"。 ...

Alibaba (BABA) shares surged to their highest price in nearly four years after unveiling renewed plans to boost artificial intelligence (AI) spending beyond its original $50 billion-plus commitment, per a Bloomberg article, as quoted on Yahoo Finance. Chief Executive Officer Eddie Wu forecasted that global AI investment could grow to roughly $4 trillion over the next five years, and Alibaba seeks to keep pace with that momentum, the Bloomberg article noted.The very Bloomberg article added that the Alibaba C ...

9月24日，美股三大指数集体高开，道指涨0.18%，纳指涨0.36%，标普500指数涨0.21%。Lithium Americas涨超65%，此前报道称美国政府正寻求获得高达10%的股权。阿里巴巴涨超8%，此前公司宣布 与英伟达开展Physical AI合作。万国数据涨超7%，京东涨超3%，蔚来涨超2%。 来源：智通财经 ...

每经AI快讯，9月24日，美股三大指数集体高开，道指涨0.18%，纳指涨0.36%，标普500指数涨0.21%。 Lithium Americas涨超65%，此前报道称美国政府正寻求获得高达10%的股权。阿里巴巴涨超8%，此前 公司宣布与英伟达开展Physical AI合作。 ...

格隆汇9月24日｜美股开盘，三大指数集体高开，纳指涨0.37%，标普500指数涨0.21%，道指涨0.17%。 美国最大锂矿公司Lithium Americas暴涨超67%，美国政府寻求获得公司高达10%的股权。 阿里巴巴涨近8%，创逾4年新高，官宣与英伟达开展Physical AI合作。 美光科技倒跌超2%，Q4营收同比大增46%超预期，预计本财季营收将再创新高。 (格隆汇) ...

Core Insights - Alibaba has launched its most advanced multimodal visual generation model, Tongyi Wanxiang Wan2.5-preview, at the 2025 Hangzhou Yunqi Conference, which features capabilities for audio-visual video generation [2][26] - The model supports various input forms including text, images, and audio, aiming to lower usage barriers across multiple fields such as digital humans, film creation, and remote education [5][26] - The Tongyi Wanxiang model family has generated 3.9 billion images and 70 million videos, making it one of the most widely used visual generation models in China [26][27] Model Features - The Wan2.5-preview model enhances video generation capabilities, increasing video length from 5 seconds to 10 seconds, and supports 1080P HD video generation at 24 frames per second [7][8] - It features improved control over video generation, allowing for complex instructions such as camera movements and character transformations [8][10] - The model utilizes a native multimodal architecture, enabling it to understand and generate across various modalities, thus enhancing cross-modal reasoning and generation capabilities [10][26] User Experience - Users can experience the model through the Alibaba Cloud Bailian platform or the official Tongyi Wanxiang website [6] - The model can generate videos that accurately match character lip movements and background sounds based on simple text prompts [4][11] - Examples demonstrate the model's ability to create realistic scenarios, such as a wedding proposal or a gift unwrapping, with precise audio-visual synchronization [14][16] Market Position - Tongyi Wanxiang is positioned as a leading player in the AI video generation space, comparable to OpenAI's Sora, and is expected to further influence industry trends with the upcoming release of its world model [26][27] - The model family has been open-sourced, with over 20 models released since February, achieving over 30 million downloads, indicating strong community engagement and interest [27]