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Alibaba Cloud Growth Explodes, But Earnings Evaporate In Costly AI Push
Benzinga90d agoneutral
Alibaba Cloud Growth Explodes, But Earnings Evaporate In Costly AI Push

Alibaba Group Holding Ltd. (NYSE:BABA) shares fell Wednesday after the e-commerce and cloud-computing company reported mixed fiscal fourth-quarter 2026 results, as strong revenue growth and accelerating AI momentum were overshadowed by a sharp decline in adjusted earnings. The company reported quarterly revenue of $35.28 billion, up 3% from a year earlier and slightly ahead of analyst estimates of $35.23 billion. Excluding the divested Sun Art and Intime businesses, revenue increased 11% on a li

Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs
Bloomberg90d agoneutral
Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs

(Bloomberg) -- Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueThe fintech company

Alibaba quarterly revenue rises on cloud demand, e-commerce growth
Reuters90d agoneutral
Alibaba quarterly revenue rises on cloud demand, e-commerce growth

China's Alibaba on Wednesday posted a 3% rise in fourth-quarter revenue on robust growth for ‌its cloud computing and AI divisions, while its e-commerce ‌unit benefited from a new round of government subsidies. Like other major tech giants, Alibaba too has benefited from soaring business demand for artificial intelligence. Revenue from Alibaba's Cloud Intelligence Group ⁠surged 38% to 41.63 billion yuan ($6.13 billion) from a year ago and was a touch ahead of estimates of 41.27 billion ​yuan.

Tencent Maintains Double-Digit Profit Growth Amid Intensified AI Investment
The Wall Street Journal90d agoneutral
Tencent Maintains Double-Digit Profit Growth Amid Intensified AI Investment

Tencent Holdings extended its streak of double-digit profit growth in the first quarter despite the Chinese tech giant’s ballooning investments to stay ahead in China’s artificial-intelligence race, though revenue growth slowed. Tencent was previously focused on leveraging the technology to boost productivity and reduce costs across various businesses.

S&P 500 Falls From Record High Following Inflation Report: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone
Benzinga90d agobearish
S&P 500 Falls From Record High Following Inflation Report: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the S&P 500 falling from a record high during the session after a hotter-than-expected April inflation report consolidated worries that the Federal Reserve will not cut interest rates this year. Headline Consumer Price Index accelerated to 3.8% year-over-year in April from 3.3% prior, the highest reading si

Trump-Xi Meeting: What to Watch for the Rest of the Week
The Wall Street Journal90d agoneutral
Trump-Xi Meeting: What to Watch for the Rest of the Week

After Tuesday’s inflation report, focus turns to President Trump’s long-awaited visit to China, with the Iran war and tariffs likely to be central topics. Meanwhile, the OpenAI-Elon Musk trial continues in California and earnings are expected from companies including Cisco Systems.

China’s Profit Outlook to Improve Further, Morgan Stanley Says
Bloomberg91d agoneutral
China’s Profit Outlook to Improve Further, Morgan Stanley Says

(Bloomberg) -- Chinese companies’ second‑quarter profit outlook is set to improve after encouraging first‑quarter results, with rising exports and early signs of reflation boosting revenues, according to Morgan Stanley. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysIn the f

Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny
Bloomberg91d agoneutral
Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny

(Bloomberg) -- Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants is paying off.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysThat spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. whe

Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.
24/7 Wall St.91d agobullish
Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.

Although Wall Street is sitting at fresh record highs, with the benchmark S&P 500 up 8% year to date and the technology-packed NASDAQ Composite riding a relentless AI capex wave, the bond market is telling a very different story this week. Per CME FedWatch as of late Monday, market-implied odds of a Federal Reserve rate ... Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.

Alibaba earnings, Trump & Xi meet, PPI data: What to Watch
Yahoo Finance Video91d agoneutralVIDEO
Alibaba earnings, Trump & Xi meet, PPI data: What to Watch

Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.

JD.com (JD) Earnings A Test For Michael Burry’s Bull Thesis
Insider Monkey91d agoneutral
JD.com (JD) Earnings A Test For Michael Burry’s Bull Thesis

JD.com Inc. (NASDAQ:JD) is one of the 9 Stocks Big Short’s Michael Burry Is Betting On. On May 5, an SPDB analyst set a target price of HK$135 on JD.com Inc. (NASDAQ:JD) and maintained a Buy rating on the stock. This reflects a 14.5% upside from here on. Michael Burry usually backs stocks for much […]