Alibaba's current share price reflects only its e-commerce operations, according to a manager of a $17 billion fund. Bloomberg posted on X, highlighting that the company's artificial intelligence capabilities are not being fully considered in its valuation. The fund manager emphasized that Alibaba's advancements in AI could significantly enhance its market position and future growth prospects. Despite this, the market seems to be undervaluing the potential impact of these technologies on the company's overall performance. The manager suggests that investors may be missing out on the broader opportunities presented by Alibaba's AI initiatives.