Alibaba: The Market Is Still  Mispricing Its AI Boom

Alibaba Group Holding Limited is evolving rapidly into a full-stack AI and cloud computing leader in China, reducing reliance on Nvidia chips through its T-Head hardware. BABA's AI-driven cloud business is expected to drive future growth, with AI revenue projected to exceed 60% of total cloud revenue by FY2029. Despite slowing e-commerce and margin pressure, BABA's valuation remains attractive, supported by a shift toward enterprise and proprietary AI monetization.