DA Morgan: Optimistic about Alibaba as China's best AI enabler Target Price is $200.

Morgan Stanley released a report stating that Alibaba is expected to increase its global data center power consumption by 10 times from 2022 to 2032, and may further increase investments in artificial intelligence. At the same time, the company has launched its latest flagship model Qwen3-Max and an upgraded version of the Hundred Refining Intelligent Body platform. The firm continues to be optimistic about Alibaba's position as China's best AI enabler, reiterating a target price of $200 for Alibaba's stock, with a "hold" rating.