Citibank: Optimistic about JD Group-SW (09618) physical AI strategy and maintains a “buy” rating

The Zhitong Finance App learned that Citi released a research report stating that it maintains the JD Group-SW (09618, JD.US) “buy” rating and that the target price for US stocks is 39 US dollars.

Citi pointed out in the research report that for the JD Global Technology Explorers Conference, although JD claims the specific details and schedule of extremely large-scale chip distribution between JD Cloud and domestic chip manufacturers, the bank believes that any additional capital expenditure will come from JD Technology, not the JD Group, so the bank's expectations will have limited impact on the financial situation of the JD Group.

The bank added that it is optimistic about JD's physical AI strategy, which aims to use its offensive, data, and model capabilities to promote more core supply chain integration.