Alibaba's shares jumped nearly 7% after reporting Q4 fiscal 2026 results showing strong growth in its cloud and AI business, despite overall revenue slightly missing estimates and adjusted earnings per share falling due to heavy investments. The Cloud Intelligence Group's revenue surged 38% year-over-year, driven by AI-related products with triple-digit growth for 11 straight quarters. Quick commerce revenue also rose 57%, with losses narrowing significantly. Alibaba's core China e-commerce and international digital commerce segments each grew 6%, and the company ended the quarter with $75.5 billion in cash and announced a $1.05 annual dividend per ADS. This highlights Alibaba's strategic focus on AI and cloud services as key growth drivers amid ongoing investment spending.
Alibaba reported a significant decline in its core profitability for the March quarter, with adjusted earnings before interest, taxes, and amortization falling to 5.1 billion yuan ($750.9 million). The drop reflects heavy investments in technology an...
Retail traders are showing strong bullish sentiment by buying call options on major tech stocks, including the 'Mag 10' group like AMD, Palantir, and Broadcom, at the highest rate since 2021. This surge in call-buying reflects growing optimism about ...
Alibaba is set to integrate its Qwen AI platform with its Taobao online marketplace, enabling consumers to browse and shop through conversational AI instead of traditional keyword searches. This integration will give Qwen access to over 4 billion pro...
Cerebras Systems leads a busy IPO week with demand pushing its share price range up to $125-$135, potentially raising $3.78B. Applied Materials is expected to report another strong quarter driven by AI infrastructure demand and its $5B EPIC Center in...
Wall Street investors focus on the April Consumer Price Index report expected Tuesday, with core inflation forecasted steady at 2.6%. The week also features a busy IPO calendar highlighted by AI chipmaker Cerebras Systems aiming for a $3.5 billion va...
