To The Moon

As I look at Alibaba's $Alibaba(BABA)$  $Alibaba(09988)$   recent performance and the questions posed, I'd consider taking profit at $170 as my near-term price target. The company's consecutive victories across AI, cloud, and food delivery, coupled with institutions raising the target price to $190, suggest strong momentum. However, I think $190 is possible but might come with a pullback first before rebounding, so locking in gains at $170 feels like a prudent move for now.

Regarding Alibaba's self-developed chips and their impact on China's AI and semiconductor ecosystem, I see this as a game-changer. By partially replacing Nvidia's $NVIDIA Corp(NVDA)$  products, Alibaba and Baidu $Baidu(BIDU)$   are driving innovation and reducing dependency on foreign technology. This could strengthen China's domestic semiconductor industry over time, potentially leading to more competitive AI solutions and a robust local supply chain, which I'm excited about as a long-term investor.

On the question of momentum, Alibaba's success across multiple sectors—AI, cloud, and food delivery—definitely catches my eye. This diversified growth makes it a compelling case, and even at $150, I'd still view it as a strong buy. The raised target price to $190 by institutions reinforces my confidence in its upward trajectory, and I believe the company's strategic moves will continue to pay off.

That said, I remain long-term bullish on Alibaba despite the potential for short-term fluctuations. The self-developed chips and expanding market presence signal a solid foundation for future growth. While I might take profit at $170, I'm not planning to exit entirely—any pullback could be a chance to add to my position, especially if it heads toward $190 later.

For now, my plan is to aim for $170, watch for a possible pullback, and stay invested for the long haul, given Alibaba's promising outlook.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.

@TigerStars  @Tiger_comments