Alibaba Stock Mostly Recovers After Earnings Miss

Key TakeawaysAlibaba's June-quarter results missed expectations for revenue and profit.Revenue from the Chinese e-commerce retailer's cloud division rose 6% year-over-year and artificial intelligence (AI)-related product revenue was reported to grow at a "triple-digit" pace.The Chinese company's U.S.-traded shares edged lower Thursday afternoon after a steep decline in premarket trading. Alibaba Group Holding's (BABA) U.S.-traded shares shook off premarket struggles Thursday following quarterly results that ...