Citibank analyst Alicia Yap and others said in the report that Alibaba's recent strong performance may reflect positive expectations for the revenue growth trend of Amazon's AWS and Microsoft Azure cloud businesses, as well as the significant increase in the 3.8-Max benchmark score of Qianzhou's 3.8-Max benchmark score, from chips and cloud infrastructure to models and applications, companies with full capabilities like Alibaba are more capable of leading the way. The buy rating for the company was reaffirmed, and the target price was $192.

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