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Alibaba Stock Climbs After Earnings. AI Demand Is Riding to the Rescue.
Alibaba had to wow investors with its earnings report Friday—and came close, but not necessarily how it thought it would. Shares rose after the Chinese online retailer reported an AI boost to its cloud business which came at the right time to help it overcome a slump in consumer spending.
Alibaba Stock Gains As AI Growth Helps Earnings Beat Despite Sales Miss
Alibaba gained despite fiscal Q2 sales coming in lower than expected as earnings beat estimates with AI growth.
What analysts are saying about Alibaba's earnings report
Alibaba Group Holdings (NYSE:BABA) rose 3% in premarket trading after reporting that its cloud business saw a boost from AI. "Growth in our Cloud business accelerated from prior quarters, with revenues from public cloud products growing in double digits and AI-related product revenue delivering triple-digit growth,
Alibaba Stock Rises on Earnings Beat but Revenue Miss
Alibaba stock rose after the Chinese online retailer posted fiscal second-quarter earnings that beat analysts’ estimates but revenue that missed forecasts. Adjusted earnings per American-listed share were 15.
1h
Alibaba Reports 5% Revenue Growth, Driven by AI and Cloud Expansion
Alibaba Group ( BABA, Financials) posted a 5% year-over-year increase in revenue for the quarter ending Sept. 30, reaching ...
6h
on MSN
Alibaba’s stock rallies as continued AI growth helps fuel a profit beat
Alibaba’s stock jumps after a profit beat, with the AI business extending its streak of triple-digit percentage growth.
6h
Alibaba Stock Falls On Mixed Quarter. AI Growth Helps Earnings Beat But Sales Miss.
Alibaba fell early Friday, after the Chinese e-commerce giant reported mixed fiscal second quarter results. Earnings beat ...
10h
on MSN
Alibaba rallies after its AI business provides an earnings lift
Alibaba (BABA) reports strong revenue growth driven by cloud adoption and improving monetization, with plans to invest in ...
7h
Michael Burry loads up on Alibaba stock: should you buy it too?
Michael Burry increased his stake in Alibaba stock by 30% in Q3. BABA topped profit estimates in its fiscal third quarter on ...
20h
Alibaba's new AI model rivals OpenAI's GPT-4o in coding ability amid open source competition
Alibaba Group Holding has developed an artificial intelligence (AI) model that rivals leading ones from US peers such as ...
6h
Alibaba: Strong Results And Its Cheap Again
Alibaba Group Holding Limited beat Q2 expectations with strong earnings, weak cash generation, and large buybacks rewarding ...
1h
China's Alibaba Misses Quarterly Revenue Estimates, Beats on Profit
In August, China's market regulator issued a statement saying Alibaba had completed three years "rectification" following a ...
2d
Qwen2.5-Coder just changed the game for AI programming—and it’s free
Coder, challenges GPT-4o with state-of-the-art code generation, offering free and open-source AI tools to developers worldwide despite U.S. chip restrictions.
Business Wire
7h
Alibaba Group Announces September Quarter 2024 Results
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) ...
Yahoo Finance
3d
Alibaba arms merchants with AI assistant to streamline cross-border sourcing
Alibaba
Group Holdings' international commerce arm on Tuesday unveiled an artificial intelligence (
AI
) assistant for ...
2d
on MSN
Alibaba Has Been Losing to PDD. Why That’s Set to Change.
Analysts at DBS Bank estimate that the company’s share of the Chinese e-commerce market fell to 42% in 2023 from 52% in 2021.
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