Daiwa Securities analyst John Choi said Alibaba could benefit from its AI cloud business and that losses at its AI lab and apps, and losses across other segments, may peak this quarter. Daiwa expects QoQ narrowing of AI lab/app losses as model traini

2026-08-21

Daiwa Securities analyst John Choi said Alibaba could benefit from its AI cloud business and that losses at its AI lab and apps, and losses across other segments, may peak this quarter. Daiwa expects QoQ narrowing of AI lab/app losses as model training and inference efficiency improve and marketing intensity is reduced. Daiwa maintains a buy rating and raises Alibaba ADR PT to $185 from $180.