The author suggests that Alibaba ($BABA) currently appears "cheap," though notes inherent risks associated with the asset. He identifies Micron ($MU) at its current multiples as the preferred investment vehicle to gain exposure to the growth of $BABA and the broader AI boom. This sentiment is driven by the release of Alibaba Group's new multimodal LLM, Qwen3.8-Max-Preview, which features 2.4 trillion parameters.