Lates News

Morningstar Senior Stock Analyst Tan Qixiong said that Alibaba's adjusted capital expenditure expectations indicate a demand for AI infrastructure that is even stronger than expected. The Hangzhou-based company plans to increase spending on AI and cloud infrastructure on top of the promised 380 billion yuan in February, and unveiled a new large language model at its 2025 Yunqi Conference held in Hangzhou. Tan Qixiong said that more demand means a more positive outlook and emphasized that AI and cloud are Alibaba's highlights.