BofA Securities: Alibaba-W (09988.HK) 2026 Yunqi Conference reinforces full-stack AI opportunity

Zhito Finance APP has learned that BofA Securities issued a research report maintaining a "Buy" rating on Alibaba-W (09988, BABA.US), with a U.S. target price of $175 and an H-share target price of HK$172. Alibaba Cloud held its flagship Apsara Conference this week, where Alibaba CEO Wu Yongming reiterated the company's long-term commitment to artificial intelligence, emphasizing that as AI advances toward machine intelligence, the company will continue to invest in AI models, chips, and cloud infrastructure.