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China’s Alibaba said that growth accelerated for both its artificial intelligence and cloud businesses in the latest quarter, driven by the AI boom, even though overall revenue rose just 3% to to 243 billion yuan ($36 billion). Revenue from its Cloud Intelligence Group, which focuses on cloud computing and AI developments, jumped 38% in the January-March quarter from a year ago.

(Bloomberg) -- China’s twin leaders in artificial intelligence reported revenue that fell short of estimates, disappointing investors who hoped their growing spending on AI would turbocharge growth.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 SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyAlibaba Group Holding Ltd. post

Strong AI and cloud demand helped offset weaker international e-commerce trends.

US equity futures were mixed pre-bell Wednesday as Nvidia (NVDA) stock rose ahead of a globally sign

Alibaba (BABA) reported lower-than-expected fiscal fourth-quarter earnings on Wednesday, while the C

The tech giant has continued to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space.

US equity futures were mixed pre-bell Wednesday as Nvidia (NVDA) stock rose ahead of a globally sign

Alibaba stock surged following quarterly results.

Alibaba stock fell following quarterly results.

Alibaba stock fell following quarterly results.

Alibaba stock slipped Wednesday after the Chinese tech giant posted lower-than-expected revenue and a huge decline in earnings.

Chinese tech giant Alibaba said Wednesday that net profit dropped by nearly a fifth during its most recent fiscal year, weighed by challenges in the domestic economy and an expensive push into artificial intelligence.Alibaba, along with fellow Chinese tech titan Tencent, is reportedly in talks to invest in top AI startup DeepSeek, which in April released a long-awaited major new artificial intelligence model.

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

The Chinese tech giant posted adjusted net income of just $12 million in the March quarter, while cloud revenue rose 38% on AI demand

The main US stock measures were mostly pointing higher in Wednesday's premarket activity as traders

Shares of Alibaba Group (NYSE:BABA) moved lower in U. S.

Investing.com -- Alibaba Group (NYSE:BABA) reported a 3% rise in quarterly revenue, driven by robust growth in its cloud computing and AI businesses, though the top line narrowly missed analyst expectations.

Micron, Nvidia, and Qualcomm rise as investors pile back into chip stocks, while EchoStar surges after the FCC approves a spectrum sale.

(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

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.

Chinese tech firm Tencent reported a 21 percent jump in quarterly net profit Wednesday as the video game giant bets big on the booming artificial intelligence sector.Tencent logged on Wednesday a net profit of 58.1 billion yuan ($8.6 billion) in the first quarter, up from 47.8 billion yuan in the same period last year.

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.

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

View more earnings on CSCO With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Cisco Systems Inc. (NASDAQ:CSCO) to report quarterly earnings at $1.03 per share on revenue of $15.56 billion after the closing bell, according to data from Benzinga Pro. Cisco shares gained 0.2% to $99.53 in after-hours trading. MaxCyte Inc. (NASDAQ:MXCT) reported better-than-expected first-quarter financial results

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.

(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

(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