0752 GMT - Alibaba's cloud business will likely further benefit from a surge in AI inference demand after Lunar New Year, Daiwa analyst John Choi writes in a note. After DeepSeek's breakthrough during the Lunar New Year, surging demand has created a cloud supply shortage, he adds. As Alibaba has proactively built up cloud capacity via aggressive capex investments, the company is best-positioned as cloud market leader to benefit from the significant pickup in public cloud consumption, he says. Daiwa raised its fiscal 2026 cloud revenue growth forecast for Alibaba to 20%. The brokerage maintains a buy rating on the stock and raises the target price to HK$175.00 from HK$165.00. Shares are last at HK$140.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 07, 2025 02:52 ET (07:52 GMT)
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