Alibaba (BABA) Stock Today, November 26, 2025: AI Cloud Booms 34% as Profits Slump and Analysts Recalibrate Targets
Alibaba shares rose 1.2% to $158.90 by midday Wednesday after reporting Q2 revenue up 5% to RMB 247.8 billion, but operating income plunged 85%. Cloud revenue jumped 34% on AI demand, while heavy spending drove free cash flow to a RMB 21.8 billion outflow. Wall Street maintained mostly bullish ratings but trimmed price targets. AliExpress banned a China-based seller of childlike sex dolls after EU scrutiny.