The 720: Alibaba Gds Hsbc and Multi-Sector Updates

Goldman Sachs summarizes key equity research updates for the Asia-Pacific region and global tech, highlighting Alibaba's shift to agentic AI and Nvidia's strong earnings beat.

Key Takeaways

• 1.Alibaba is entering a new investment phase focused on the 'AI agentic era' with significant expected growth in Cloud MaaS (Model-as-a-Service) revenue.
• 2.Nvidia reported exceptionally strong Q1 results and Q2 guidance, signaling robust global AI infrastructure spending.
• 3.China Consumer Staples face significant net profit downside risks due to emerging logistics cost inflation driven by rising diesel and Brent oil prices.

Table of Contents

• In Focus | Alibaba
• Listen Up - GS Webcasts on the Agenda
• Results | GDS, Kanzhun
• Themes in Play | HSBC, Victory Giant, Netease, China Staples
• Asia Communacopia+Tech Conference
• Connections | Consumer Durables
• Around the world | Nvidia, EM Trader
• Graphic language | EM Trader – EM Equities vs US Rates
• GS Events
• Disclosure Appendix

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