Alibaba’s Ascent: A Devil’s Due Diligence
Shao, that scribe of Wall Street’s cathedral of numbers, has not only raised his price target by $45 but also reaffirmed Alibaba as a “buy.” His thesis? A cloud business that thrives on AI’s alchemy, where data storage and machine learning breed revenue like a sorcerer’s apprentice. Eight quarters of triple-digit growth-this is no mere growth, but a resurrection. “Stable margins,” he wrote, as if the very concept of volatility were a bureaucratic quirk to be dismissed with a bureaucratic sigh.