Nomura ne Alibaba par apna 'Buy' rating maintain rakha hai. Ecommerce mein thoda pressure zaroor hai, lekin unka focus ab AI aur Cloud business par hai jo lambe samay mein bada value unlock kar sakta hai.
Nomura ka Alibaba par bharosa
Nomura ne saaf kar diya hai ki woh Alibaba ke future par bullish hain. Brokerage ka manna hai ki company ka focus ab traditional retail se shift hokar AI aur Cloud computing ki taraf ho gaya hai, jo aane wale samay mein company ka main engine banega.
Challenges kahan hain?
Alibaba ka purana ecommerce business abhi thoda slow chal raha hai. June 2026 quarter mein revenue mein 9% ka growth toh dikha, lekin net income aur operating margins gir gaye hain. Iska main reason hai data centers banana aur AI models (jaise Qwen) ko train karne ka bhari kharcha.
Stock ka haal aur Investors ke liye alert
Filhal stock $105 se $110 ke range mein trade kar raha hai. Market ko darr hai ki AI mein jo paisa phoonka ja raha hai, uska output kab aayega.
Investors ko ye baatein dhyan mein rakhni chahiye:
- Margins ka pressure: Aggressive spending ke karan profit margins par asar pad raha hai.
- Regulatory Risks: China ka regulatory environment kaafi unpredictable hota hai.
- Commercialization: Agle kuch quarters mein ye dekhna hoga ki kya AI aur Cloud waqai profit la pa rahe hain ya sirf cash burn ho raha hai.