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from24/7 Wall St.
4 days ago

Alibaba Drops 7%: Deep Value or Value Trap? Investors Can't Agree

Alibaba's 7% stock decline follows a 67% net income plunge despite modest 2% revenue growth, driven by deliberate investment in AI infrastructure that pressures near-term profitability.
fromBusiness Insider
3 months ago

Alibaba's CEO says he doesn't see 'much of an issue' with an AI bubble and plans to invest 'aggressively'

The CEO of the Chinese tech giant, Eddie Wu, said on Alibaba's second-quarter earnings call on Tuesday that the company "doesn't really see much of an issue in terms of a so-called AI bubble." "We're not even able to keep pace with the growth in customer demand," Wu said, adding that the pace at which Alibaba can deploy new servers is insufficient. "In the next three years to come, AI resources will continue to be under supply," he said.
Artificial intelligence
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