Alibaba Stock Soars After Earnings Beat. It’s All About AI. - Barron's
1. Alibaba quarterly earnings beat forecasts. Adjusted net profit reached 51.07 billion yuan. 2. Revenue hit 280.15 billion yuan. Earnings surpassed analyst expectations. 3. Cloud revenue climbed 13%. AI product revenue jumped triple digits. 4. Partnership with Apple boosts AI credibility. Rivals like BIDU face pressure. 5. Traditional e-commerce outperformed. Investor confidence grew amid robust revenue.