Mei Ri Jing Ji Xin Wen·2025-09-01 06:16Group 1 - Cambrian's stock experienced a significant adjustment, dropping over 4% during the afternoon session on September 1, while Alibaba's stock surged, reaching nearly a 19% increase [1] - Alibaba Group reported its Q1 FY2026 earnings on August 29, showcasing a remarkable performance in its cloud business with a 26% year-on-year revenue growth, marking the highest growth rate in nearly three years [1] - AI-related product revenue for Alibaba has seen triple-digit year-on-year growth for eight consecutive quarters, indicating strong demand and market positioning in the AI sector [1] Group 2 - The capital expenditure in the AI and cloud sectors for Alibaba reached 38.6 billion yuan, a staggering 220% increase year-on-year, exceeding market expectations [1] - The Hang Seng Technology Index ETF (513180) is currently valued at a P/E ratio of 21.23, which is below 82% of the time since its inception, indicating a relative undervaluation [2] - The anticipated interest rate cuts by the Federal Reserve and Alibaba's strong earnings report are expected to catalyze upward momentum in the Hang Seng Technology Index, which is characterized by high elasticity and growth potential [2]