Alibaba BABA is leaving no stone unturned to bolster its presence in the promising cloud computing space. This is evident from the introduction of innovative cloud-based products at the 12th annual Apsara Conference.
Its cloud computing arm Alibaba Cloud unveiled a cloud computer, which marks the company’s first such device. The palm-sized cloud computer enables users to utilize unlimited computing resources anytime and anywhere, with the aid of back-end cloud support.
Further, Alibaba Cloud introduced an autonomous logistic robot, which is meant for boosting the last-mile delivery capacity of Alibaba in the e-commerce space.
Additionally, the company unveiled Cloud Lakehouse — an advanced big data architecture, Lindorm — a cloud-native multi-model database, PAI-DSW 2.0 — a machine-learning interactive development platform and Sandboxed-Container 2.0 —a cloud container service for Kubernetes.
We believe that expanding cloud services and product portfolio of Alibaba are expected to drive its momentum among cloud customers. Further, it will strengthen the company’s competitive position against major players such as Amazon’s AMZN AWS, Microsoft’s MSFT Azure and Alphabet’s GOOGL Google Cloud.
More Into Cloud Computer
The latest cloud computer, which features high-performance computing technology, helps users to perform complex tasks that are usually conducted on high-end PCs.
Further, costs related to system updates, which are usually huge for traditional PCs, are lower for this new computer as its system upgrades take place online.
Additionally, this computer is well-equipped to run tasks like animation rendering, software development, video editing and online customer services, which remain a major positive.
We note that the cloud computer makes Alibaba well-poised to gain solid traction during the ongoing pandemic, which has given a strong boost to the work-from-home trend. Hence, the company is likely to witness a strong adoption of this computer in the near term.
Alibaba Group Holding Limited Price and Consensus
Delivery Robot to Aid E-commerce Strength
The introduction of last-mile delivery robots is likely to help Alibaba in the delivery of enhanced shopping experience to customers. Notably, the robots are integrated with the company’s logistic platform Cainiao as well as Taobao.
Further, the robots are capable of carrying 50 packages and commute 62 miles at a time. Also, the robots are expected to deliver 500 packages per day.
This remains promising for the company during the current pandemic situation, which has led to a significant jump in the online order number.
Online shopping is continuously gaining strong traction, owing to the door-to-door delivery of packages, which has gained solid momentum in the current scenario.
Moreover, Alibaba is likely to strengthen its position in the intensifying e-commerce competition against the online retail giant Amazon, which is making concerted efforts to bolster its delivery capabilities further with the help of robots.
Currently, Alibaba carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.