US Stocks Move | Alibaba Surges Over 7% as JPMorgan Expects Alibaba Cloud Revenue Growth to Accelerate in Coming Quarters

Glonghui, January 12｜Alibaba (BABA.US) saw its early session gains expand to over 7%. According to reports, JPMorgan has advised investors to consider gradually accumulating shares of Alibaba and holds a constructive outlook on its trading performance over the next 6 to 12 months. JPMorgan expects Alibaba Cloud's revenue growth to continue accelerating in the coming quarters, as generative AI workloads move from the pilot phase to broader deployment, demonstrating Alibaba's ability to capture and realize AI-driven demand in China. JPMorgan believes that several consecutive quarters of steady cloud business growth momentum should shift investors' focus from short-term spending to the sustainability of higher-quality engine growth, thereby supporting valuation multiple expansion.