0642 GMT - Alibaba is likely to step up investments to capture the trend of using artificial intelligence in cloud services, and to maintain its market leadership, BofA Securities analysts write in a note. The company has emphasized, following a recent restructuring, that its two core businesses are its e-commerce and cloud intelligence groups, they add. Investments in building AI infrastructure services could optimize operational efficiency, they say. The DeepSeek phenomenon should strengthen Alibaba's commitments in cloud and AI investments and could boost its cloud revenue and profits for both the short and long term, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 17, 2025 01:43 ET (06:43 GMT)
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