🟢 Alibaba Group is trading 5% up today after Goldman Sachs raised Alibaba Cloud estimates

Alibaba Group is trading 5% up now at ARS 20250.00 after Goldman Sachs reaffirmed its Buy rating and raised Alibaba Cloud growth estimates to 53% for the September quarter, strengthening optimism around AI-driven revenue.

• The September 18 report said shares surged 5.1% on the outlook.
• Broader risk appetite supports technology stocks, with major U.S. indices higher.
• Alibaba’s reported $10.2 billion share placement to fund AI expansion reinforces the company-specific AI investment theme, although potential dilution remains a risk.