Mei Ri Jing Ji Xin Wen·2025-09-17 01:49Core Viewpoint - Alibaba's stock has seen significant growth, reaching a nearly four-year high, driven by advancements in AI technology, strong financial performance, and strategic investments in cloud and AI sectors [1][3][4]. Group 1: Stock Performance - On September 17, Alibaba-W (9988) opened 2.74% higher, achieving a market capitalization of over 3 trillion HKD, with a year-to-date increase of over 96% [1]. - As of the latest update, the stock price rose by 3.13%, reaching 158.3 HKD, with a total market value of 30,173 billion HKD [1]. Group 2: AI Development and Financial Performance - Alibaba is reportedly developing a new AI chip to fill the gap left by Nvidia in the Chinese market, currently in the testing phase and compatible with Nvidia's architecture [3]. - The company's Q2 financial results exceeded market expectations, with total revenue of 247.65 billion CNY, a 2% year-on-year increase, and a net profit of 42.38 billion CNY, up 76% [3]. - Alibaba Cloud's revenue reached 33.40 billion CNY in Q2, marking a 26% year-on-year growth, the highest growth rate in nearly three years [3]. Group 3: Strategic Initiatives - CEO Wu Yongming announced a new strategic direction focusing on AI and cloud investments, with plans to invest 380 billion CNY in these areas over the next three years [4]. - The launch of the "Gaode Street Ranking" utilizes AI algorithms to quantify user behavior, achieving over 40 million active users on its first day [4]. - Industry experts remain optimistic about Alibaba's stock performance, citing the popularity of its cloud and AI initiatives, alongside a positive turnaround in its e-commerce business [4].