$Alibaba(BABA.US)【CJ 计算机】Alibaba Cloud: Cloud revenue + Capex exceeded expectations, may once again trigger AI market next week

#Last quarter's cloud revenue performance adjustment + card restrictions affected performance - 25Q2 achieved 26% cloud revenue growth - Capex 38.6 billion - both exceeded expectations

#Alibaba is still the only company among major firms with a comprehensive layout of chips, cloud resources, large models, and applications, and each segment is at the market-leading level

#Reiterate the three-step revaluation of Alibaba Cloud: Cloud revenue increase -> Cloud profit margin increase -> Alibaba Cloud delivers higher profits

1) All AI concepts in the current market,

whether changes in the technical layer or application layer, can be implemented on Alibaba: such as the hotly discussed MCP, the super entrance of the AI era (Quark, cooperation with Apple), Agent (whether in e-commerce or Amap) etc. Any external or internal application volume can be mapped to the potential growth of Alibaba Cloud, the logic chain is very complete.

2) The positive fundamentals of Alibaba Cloud are a certain trend, and the pace is affected but does not change the judgment of the big direction.

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❗️❗️Alibaba is the first in both large models and cloud domestically, and is the most core asset of domestic AI Infra, firmly optimistic about Alibaba as the most core and benefited target in this AI era, the future will not only benefit in total but also comprehensively improve profitability.