Why Alibaba Stock Was Falling Today
Shares of Alibaba ( BABA -9.10%) were taking a dive today after investors balked at the company's big spending plans in cloud and artificial intelligence (AI). As a result, the stock was down 9.7% as of 11:24 a.m. ET.
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and Artificial Intelligence infrastructure. The spending plan amounts to nearly eight times its most recent quarterly profit of $6.7 billion.
Alibaba Group announces multi-billion dollar AI and cloud investment
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.
Alibaba and Other China Tech Stocks Tumble
Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba recently stood about 9.5% lower, while PDD lost 8%. The pullback follows an extraordinary runup for some of these stocks,
China's Alibaba to invest $50 bn in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma
Alibaba Stock Falls After China Tech Giant Pledges $52 Billion AI Spending Push
Alibaba Cloud Revenue Accelerates. The big spending plans comes as investors are scrutinizing costs related to AI, particularly after China startup DeepSeek launched a powerful AI
Asian stocks gain as Alibaba boosts china tech optimism
In recent weeks, Asian stocks have rallied, with Alibaba's sold earnings report boosting China's tech optimism further. The question doing the rounds in markets: Is the AI euphoria moving to Asia from America?
Alibaba Group Holding Limited (BABA) Slid on Weakness in Core Domestic Commerce Growth
Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2024 investor letter ...
Alibaba's AI-Powered Turnaround
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
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Cloud Giant Alibaba Invests $53B In AI Infrastructure As Stock Surges
Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba ...
Alibaba Group Holding Limited (BABA) Surges as JPMorgan Ups Price Target, Cites AI & Cloud Growth
We recently published a list of 12 AI Updates Worth Taking a Look At. In this article, we are going to take a look at where ...
Alibaba: Doubled In Value But Still Undervalued
Alibaba's Q3/25 results were strong, with significant revenue and EPS growth. Click here to read why BABA stock remains a ...
Alibaba unveils new AI model to take on OpenAI's ChatGPT, Deepseek's R1
Alibaba's QwQ-Max-Preview is designed to replicate human-like thinking, decision-making, and problem-solving. The company ...
Alibaba shares open at three year-high as quarterly revenue rebounds
Alibaba's shares opened 10% higher in Hong Kong on Friday to reach their highest level in more than three years, after it ...
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Alibaba commits to spending $53 billion on AI
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Alibaba Group Holding Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Shareholders of Alibaba Group Holding Limited ( NYSE:BABA ) will be pleased this week, given that the stock price is ...
Promising Digital Media Stocks To Watch Today – February 23rd
Alibaba Group, Adobe, and Digital Realty Trust are the three Digital Media stocks to watch today, according to MarketBeat’s ...