Alibaba Stock Jumps as Bigger AI Cloud Bet Overshadows Profit Squeeze

Alibaba Group Holding Limited is ramping up its artificial intelligence and cloud investment beyond previous plans, following a 38% surge in cloud sales that sent its U.S.-listed stock up. The Cloud Intelligence Group brought in 41.63 billion yuan in revenue. The company now expects to blow past its earlier AI investment target of up to 380 billion yuan, even while profits took a hit this period.

Alibaba’s Earnings Test Is Whether AI Can Pay for the Delivery Fight

Alibaba’s Earnings Test Is Whether AI Can Pay for the Delivery Fight

Alibaba Group’s U.S.-listed American depositary receipts, the NYSE-traded proxy for the Chinese company, were quoted at $136.15 in early premarket, up 1.02%, after closing Tuesday at $134.78, down 1.84%. That is the first read on the stock today: buyers are not gone, but the chart still carries the damage from pre-earnings risk cutting. Google Finance showed Tuesday’s low at $133.82 and a 52-week high of $192.67, so the rebound starts from a bruised level, not a fresh breakout.
AI stocks climb: Alibaba jumps on chip-IPO report, Arm rallies as Intel earnings loom

AI stocks climb: Alibaba jumps on chip-IPO report, Arm rallies as Intel earnings loom

Shares of Alibaba Group listed in the U.S. jumped 5.9% to $178.69 on Thursday after reports emerged that the Chinese tech giant plans to take its chip unit, T-Head, public. The news reignited interest in AI-related stocks during the morning session. Meanwhile, Arm gained 5.4%, and Nvidia saw a 0.9% rise.
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