Search
Citi: Alibaba's AI Business Development Potential May Be Further Unleashed
17 hour ago /
Read about 0 minute
Author：小编
On September 22, Citi analysts pointed out in a research report that Alibaba (09988.HK) is expected to further benefit from the development of its artificial intelligence business. The company's CEO, Wu Yongming, stated that by fiscal year 2033, Alibaba plans to achieve an AI infrastructure scale of 20 gigawatts, with external cloud business revenue expected to reach USD 160 billion by then, surpassing Citi's current forecast of USD 100 billion for Alibaba's external cloud revenue in fiscal year 2031. Citi also predicts that Alibaba's capital expenditures will remain at a high level in the coming years and maintains a 'buy' rating on the stock with a target price of HKD 189.00.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
