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2026-05-21 12:44:23 At the first day of the Alibaba Cloud Summit held in Hangzhou by BABA-W (09988.HK), together with the shareholder letter issued on the same day by the Chairman and CEO, the group is entering a new phase of major investment in the AI agent era, Goldman Sachs said in its report. Management underscored that the industry is at a critical inflection point in the development of Artificial General Intelligence (AGI). A large number of AI agents powered by model-generated tokens will take on a greater share of tasks and become the primary interface between humans and the digital world. In Goldman Sachs' view, Alibaba's current valuation has yet to fully reflect its comprehensive AI strategy and international cloud potential. It envisioned the group to amplify investment in AI enterprises and consumer applications over the next 12-24 months, while achieving double-digit profit growth. The broker maintained its Buy rating on BABA-W (09988.HK) and kept it on its APAC Conviction List Buy, with a 12-month TP of HKD180. The US stock TP for Alibaba Group Holding Limited (BABA.US) is USD186. ~ AASTOCKS Financial News Website: www.aastocks.com | |