智通财经网·2026-01-12 14:16Core Viewpoint - Alibaba (BABA.US) is experiencing a pre-market increase of over 4%, reaching $157.45, as Morgan Stanley suggests investors consider gradually accumulating shares, maintaining a constructive outlook for the next 6 to 12 months [1] Group 1: Investment Strategy - Morgan Stanley advises that while Alibaba's short-term profitability may be pressured due to increased investments in food delivery, e-commerce, and generative AI applications, these negative factors are largely priced in by the market [1] - The pace and scale of Alibaba's investments are largely controllable by the company, indicating a strategic approach to investment [1] Group 2: Cloud Business Outlook - Morgan Stanley anticipates that Alibaba Cloud's revenue growth will accelerate in the coming quarters as generative AI workloads transition from pilot phases to broader deployment, showcasing Alibaba's capability to capture AI-driven demand in China [1] - The sustained growth momentum in cloud business over several quarters is expected to shift investor focus from short-term expenditures to the continuity of higher-quality growth engines, thereby supporting valuation multiple expansion [1]