Alibaba Stock Drops. Its Chairman Sees an AI Data Bubble. - Barron's
1. Alibaba's chairman warns of a potential AI investment bubble. 2. Joe Tsai questions U.S. tech spending on AI, citing excessive estimates. 3. Alibaba plans to invest $52.4 billion in AI and cloud over three years. 4. Chinese stocks, including Alibaba, fell following Tsai's comments on AI. 5. Market remains cautious about potential over-investment in AI infrastructure.