Analysts Back Alibaba After Earnings Despite AI Spending Concerns (BABA:NYSE)

Alibaba posts AI-fuelled revenue bump

Tech giant Alibaba saw increased revenue in its most recent quarter, boosted by the global AI frenzy driving demand for its products. In results posted to the Hong Kong Stock Exchange, the company's revenue in the quarter, which ended June 30, was nearly 269 billion yuan, up nine percent year-on-year. The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the huge …

Analysts back Alibaba after earnings despite AI spending concerns (BABA:NYSE)

Alibaba (BABA) stock drops 5% after earnings as AI spending surges but cloud growth hits 45%.

Alibaba posts AI-driven revenue growth despite profit drop

Chinese tech giant Alibaba reports a 9% revenue rise driven by AI growth despite a 76% net profit drop amid strategic investments and market pressures. Read more at straitstimes.com.

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy ...

Chinese tech giant Alibaba posts AI-fuelled revenue bump

Alibaba Cloud's external revenue growth accelerated to 45%, with AI-related product revenue delivering triple-digit growth for the twelfth consecutive quarter. (EPA Images pic)BEIJING: Chinese tech giant Alibaba saw increased revenue in its most recent quarter, results published on Thursday showed, boosted by the global artificial intelligence frenzy driving demand for its products.The Hangzhou-based firm has been ploughing tens of billions of d…