Why Is Alibaba Stock Soaring Friday? - Alibaba Gr Hldgs (NYSE:BABA)

Why Alibaba Rallied Today @themotleyfool #stocks $BABA $NVDA

Alibaba reported strong revenue growth, while the "Wall Street Journal" highlighted its artificial intelligence (AI) efforts.

Why Is Alibaba Stock Soaring Friday? - Alibaba Gr Hldgs (NYSE:BABA)

Alibaba Group Holding's Q1 revenue beats expectations, driven by growth in China e-commerce and international operations. Cloud revenue up 26%.

AI-Related Products Help Drive 26% Revenue Growth in Alibaba’s Cloud Division

Artificial intelligence-related products led Alibaba Group’s gains during a quarter in which the global technology company earned double-digit year-over-year revenue growth across its businesses. Overall, during the quarter ended June 30, Alibaba reported year-over-year revenue growth of 2%, or 10% when revenue from two businesses it sold over the past year is excluded, according to a Friday (Aug. 29) earnings release. The company said…

Alibaba Unveils New AI Chip to Rival Nvidia as China Pushes Tech Independence

Alibaba (NYSE: BABA) is sitting near $124.70 in pre-market Friday, a touch softer after earnings failed to impress Wall Street. The chart shows a stock that’s been grinding in a sideways channel, holding above $119 support but unable to clear the $126–127 resistance band that has capped every bounce this month. It’s a fragile setup, the weekly candles tell a story of recovery, yes, but with plenty of hesitation layered in. Why Did Alibaba Stock …

Alibaba Cloud revenue growth accelerates in Q1, $19 bilion revenue

By Larry DignanAlibaba's cloud business accelerated in the company's fiscal first quarter with revenue growth of 26% and an annual revenue run rate approaching $19 billion. The company's Cloud Intelligence Group reported first quarter revenue of $4.66 billion, up 26% from a year ago, with earnings before interest, taxes and amortization of $2.34 billion. According to the Wall Street Journal, Alibaba has created its own chip for AI workloads simi…