Chinese e-commerce giant Alibaba is declaring a new era. "We believe the growth opportunity driven by AI services have just begun," management said in a conference call with analysts Thursday. They're claiming "strong demand" for training artificial intelligence models on the cloud — so much that they can't meet all the requests due to a shortage of processing power. Cloud is the first of the six business units that Alibaba has signaled clear IPO plans for.
Qianhai, the bank's majority-owned joint venture in China. They have buy ratings on three mainland-China listed stocks, known as A shares. Here is the analysts' case: Foxconn Industrial Internet — An Nvidia supplier, the company is expected to benefit from AI investments from Microsoft, Google and Amazon, among others.
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