To The Moon

I am thrilled to see Alibaba's $Alibaba(BABA)$  $Alibaba(09988)$  recent performance, especially with the stock jumping ten percent following the earnings report. The development of a new artificial intelligence chip to address the gap left by Nvidia $NVIDIA Corp(NVDA)$  in the Chinese market is a bold move that I find promising. It suggests that Alibaba is positioning itself strategically, and I am encouraged by this innovative step forward.

Despite the expected drag from food delivery on profits and the significant net outflow of RMB 18.815 billion due to investments in cloud infrastructure and Taobao Flash Sales, I remain optimistic. The increased spending reflects a commitment to growth, which aligns with my belief in the company's long-term potential. I see these investments as a necessary step to strengthen its market position.

The question of whether artificial intelligence can become Alibaba's next growth driver resonates with me. I have confidence that this new chip could play a pivotal role, especially given the stock's positive reaction. My long-term bullish outlook on technology-driven companies like Alibaba is reinforced, and I am excited to watch how this unfolds in the coming months.

I plan to lock in profits at the previous high of approximately one hundred fifty-eight United States dollars, as this seems like a prudent target given the current momentum. The recent surge has brought the stock closer to this level, and I intend to monitor its progress closely. Letting the stock reach that point before deciding my next move feels like a balanced approach.

While the earnings report presents a mixed picture, my confidence in Alibaba's ability to navigate these challenges remains strong. The ten percent jump is a clear signal of market approval, and I am hopeful that this momentum will carry it toward my profit target. I will keep a keen eye on any further developments to ensure my strategy stays on track.

For now, I am content to hold my position and await the opportunity to secure gains at 158 USD. The combination of innovative technology and market response gives me a solid foundation to base my decision on, and I look forward to seeing how Alibaba performs in the near future.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.

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