The Zhitong Finance App learned that Bank of America Securities released a research report stating that it maintains the Alibaba-W (09988, BABA.US) “buy” rating, with a target price of 175 US dollars for US stocks and 172 HK$172 for H shares. Alibaba Cloud hosted its flagship Yunqi conference this week. Alibaba CEO Wu Yongming reiterated his long-term commitment to artificial intelligence, stressing that as AI advances towards machine intelligence, the company will continue to invest in AI models, chips, and cloud infrastructure.

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