Baba Stock Rally Hits 90%,  Why It’s Still Undervalued

We’ve seen Alibaba’s stock skyrocket nearly 90% year-to-date. Many would say that’s already more than most tech names can deliver. Yet when we dig deeper, a surprising story emerges: despite the big gains, Alibaba may still be priced below what its future could be worth. Why does that matter to us as investors? Because we believe there is more to this rally than just hype. We’ve got strong signals: cloud revenue growing by about 26% year-over-year, AI product lines showing triple-digit growth, and Alibaba’s international commerce pushing ahead. At the same time, some market fears and comparisons with bigger peers have kept valuations cautious.