Alibaba Stock Falls 7% on Profit Miss, but Analyst Stays Bullish on AI Cloud
Alibaba stock dropped over 7% as investors digested heavy AI infrastructure spending and profit pressure, despite a 45% surge in AI Cloud revenue.
Alibaba made less profit than expected because it spent lots of money on AI computers, but its AI cloud business grew super fast. This tells us the company is betting big on AI's future, even if it costs them money right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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