Morgan Stanley Reiterates Overweight on Alibaba Amid AI Chip Launch, $180 Target Confirmed

Alibaba Group Holding has introduced its latest AI processor, XuanTie C950, which uses 5nm technology and RISC-V architecture. The chip offers triple the performance of previous generation chips and is compatible with major AI models. Morgan Stanley maintains an Overweight stance with a $180 target and values Alibaba's T-Head semiconductor division between $28B and $86B. Analyst consensus points to a Strong Buy with an average target price of $188.38.