Will Heavy Capex Spending Weigh on Alibaba's AI Ambitions?

Key Takeaways Alibaba's Q2 fiscal 2026 earnings missed estimates as capex jumped 80% and margins collapsed.BABA's Cloud Intelligence revenues rose 34%, with AI products posting triple-digit growth.Alibaba plans RMB 380B in AI and cloud spending, pressuring cash flow amid heavy investment.Alibaba Group (BABA) is doubling down on artificial intelligence, but the financial toll of its aggressive spending spree is raising uncomfortable questions about near-term profitability. The company reported non-GAAP earni ...