LucasOng
08-29

Alibaba has been a black horse. Have faith in baba this earnings. Hopefully with good earnings, it can ride the A-share momentum and go back to its old time glory! 

All eyes on its earnings! 

Alibaba: A Hold Till $150 or Take Profit After Super Boost?
Although food delivery is expected to weigh on profits, Alibaba delivered a positive surprise: the company has developed a new AI chip to fill the gap left by Nvidia in the Chinese market. The stock jumps 10%! FCF recorded a net outflow of RMB 18.815 billion, mainly reflecting increased spending on cloud infrastructure and investment in “Taobao Flash Sales.” ----------- Can AI become Alibaba’s next growth driver? Do you have confidence in Alibaba’s performance following this earnings report?
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