UBS: Alibaba-W (09988) short-term negative sentiment related effects may be overestimated

The Zhitong Finance App learned that UBS released a research report saying that the market's short-term sentiment towards Alibaba-W (09988) is negative, but the bank believes that the relevant impact may be overestimated. Reasons include Alibaba Cloud's largest deployed computing power in China, its self-developed “T-Head” (T-Head) chip as a complement, and there is room for price increases if supply tightens.

New York shorting agency Culper Research said earlier that Singapore-based Megaspeed used Southeast Asian intermediaries to obtain advanced Nvidia (NVDA.US) chips to circumvent US trade restrictions, and that Alibaba US (BABA.US) is suspected to have provided Megaspeed with billions of dollars to purchase these chips.

After Hwang In-hoon resigned as CEO and director of Nvidia, US House Speaker Johnson said that an increasingly broad consensus is being formed within the US Congress to support restrictions on exports of semiconductor chips to China. According to the original report, the news has put pressure on Ali's stock price recently and fell below HK$100.