Wu Yongming purchased $5.0M of BABA

Michael Burry disclosed long-term bullish bets on Microsoft (MSFT) with 2028 LEAP calls, added to JD.com (JD) and Adobe (ADBE), and covered half his Palantir (PLTR) short. He cited technical pressure driving markets, affecting Asian equities. Burry also mentioned potential investments in Meituan and Tencent. All mentioned stocks are down year-to-date, with MSFT down 27% and PLTR down 42%.

A class action lawsuit was filed against Alibaba Group Holding Limited (BABA) by Levi & Korsinsky, LLP, alleging securities fraud between June 26, 2025, and June 24, 2026. The complaint claims Alibaba made false statements about its affiliation with the Chinese Ministry of Industry and Information Technology and risks related to AI models. Investors who suffered losses may seek recovery under federal securities laws.

Alibaba's shares rose 5.1% after unveiling the Zhenwu V900 AI chip, claiming 3x faster performance than its predecessor. The chip, developed by Alibaba's T-Head unit, is positioned as China's most powerful AI chip. The company plans to invest $53B in cloud and AI infrastructure over three years. Alibaba also announced advancements in its Qwen large language models, with future versions scaling up to 10 trillion parameters.

Alibaba introduced the Zhenwu V900 AI chip, claimed as China's most powerful, with mass production set for Q1 2027. The company plans a $53B infrastructure push, aiming for 20GW of data-center capacity by 2032. Q2 AI-related revenue grew 45% YoY to $7.14B, with AI product revenue at $1.824B. Alibaba's capex surged 75% YoY to $10B, impacting free cash flow.

Citi raised its capital expenditure forecasts for Alibaba BABA, targeting 20GW of AI capacity by 2032. The bank expects external AI cloud revenue to reach $168B by fiscal 2033, with a sensitivity range of $126B to $210B. Alibaba shares fell 3.7% premarket amid regulatory concerns, despite Citi's Buy rating and $190 price target.

Alibaba Group BABA shares fell 4.5% to $111.105 after announcing a new AI model with 5-10 trillion parameters and a chip, Zhenwu V900, with 3x performance. The company aims for 20+ gigawatts of data center capacity by 2032. The share price is 8.4% below the GF Value estimate of $121.30.