Alibaba Stock Falls As Revenue Misses Estimates, Profits Slide Despite AI Growth

Alibaba Stock Slides After Earnings Report. Here's Why. | Investor's Business Daily Alibaba's cloud intelligence unit grew 36% to 43.3 billion yuan, or $6.3 billion. That was a slight acceleration from the 34.5% growth in Alibaba's September quarter. Alibaba is working to establish its Qwen large language modelsas a global leader. The company said early last year that it will spend roughly $53 billionover three years to develop AI infrastructure. Meanwhile, aggressive discounting to compete in the food deli ...