飙涨近10%，阿里股价创四年新高

Core Viewpoint - Alibaba's stock price surged nearly 10% to a four-year high of HKD 174.9 per share, driven by positive news regarding its AI initiatives and partnerships [1][3]. Group 1: AI Collaboration and Strategy - Alibaba announced a collaboration with NVIDIA on Physical AI, covering various aspects such as data preprocessing, simulation data generation, model training evaluation, and reinforcement learning, aimed at shortening development cycles for applications like embodied intelligence and assisted driving [3]. - CEO Wu Yongming stated that large models represent the next generation of operating systems, and AI cloud is the next generation of computing, with a vision of only 5-6 super cloud computing platforms globally [3]. - The company is actively investing in AI infrastructure, with plans to allocate an additional significant amount towards this initiative, having already invested over CNY 100 billion in AI infrastructure and product development over the past four quarters [4]. Group 2: Core Business Developments - Alibaba's core businesses, including Amap and DingTalk, are undergoing comprehensive AI integration, with Amap launching the world's first AI-native application based on maps, and DingTalk releasing multiple AI products in its 8.0 version [5]. - The international platform is also implementing AI tools to assist merchants in optimizing marketing, procurement, and product listing processes [5]. Group 3: Market Confidence and Future Growth - Market confidence in Alibaba is recovering due to its strategic moves in AI, with analysts suggesting that the "cloud + AI" strategy will serve as a second growth curve, replacing e-commerce [5]. - Reports indicate that Alibaba's investment in AI infrastructure and plans for further investment are expected to accelerate cloud business growth, with a positive outlook on the potential increase in revenue from AI-related businesses [5].