Alibaba Group Holding Limited (NYSE:BABA) is one of the 8 Best Cloud Computing Stocks To Buy In 2026. On April 16, Robin Zhu, an analyst at Bernstein, lowered the firm’s price target on Alibaba Group Holding Limited (NYSE:BABA) from $190 to $180 while maintaining a Buy rating. A day before the price target cut, Bloomberg reported that Alibaba Group Holding Limited’s (NYSE:BABA) Amap unit is planning to launch its first robot to compete with high-growth companies such as Tesla in the robotics industry. Amap’s robot is comparable to Unitree’s Go series and resembles a humanoid robot, according to Bloomberg.
"We have already made in-depth investments in the field of embodied intelligence, continuously releasing multiple embodied models, and actively exploring hardware product forms such as quadruped robots and humanoid robots. We expect to release our first quadruped robot soon."
Moreover, the Cainiao Smart Logistics Network of Alibaba Group Holding Limited (NYSE:BABA) launched ZeeBot, a robot capable of climbing storage racks up to 5 levels in just 10 seconds. The ability of the robot to move both horizontally and vertically throughout the warehouse helps save time and enables the eventual end-to-end intelligent operations through AI.
Alibaba Group Holding Limited (NYSE:BABA) operates as a technology infrastructure and marketing solutions provider. It operates both within the People’s Republic of China and internationally. The company was founded by Jack Ma and Chung Tsai in June 1999 and is headquartered in Causeway Bay, Hong Kong.
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