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Morningstar analyst Chelsey Tam stated that the construction of data centers in China catering to AI workloads for government and state-owned enterprises may reduce demand for Alibaba's public sector computing systems. She lowered her annualized clou

2026-07-08

Morningstar analyst Chelsey Tam stated that the construction of data centers in China catering to AI workloads for government and state-owned enterprises may reduce demand for Alibaba's public sector computing systems. She lowered her annualized cloud revenue forecast for Alibaba by 10% starting in fiscal year 2030 (when the construction is expected to be completed). Given Alibaba's limited operations in the US, the impact of potential US legislation against the company should be limited. Morningstar lowered its fair value estimate for Alibaba's ADR by 7% to $241, but stated that the valuation remains low, adding that concerns about lost delivery business and rising computing costs are exaggerated.

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2026-07-08

TRADEWEB DATA shows U.S. 10-year Treasury yield rose to a four-week high of 4.565%.

TRADEWEB DATA shows U.S. 10-year Treasury yield rose to a four-week high of 4.565%.
2026-07-08

Ukraine presidential spokesman said Zelenskiy’s meeting with Trump has concluded.

Ukraine presidential spokesman said Zelenskiy’s meeting with Trump has concluded.
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