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Developing5 outlets · over 4 hours

Alibaba Profit Plunges 75% on AI Spending

Alibaba's June-quarter net profit fell 75% to $1.54 billion as capital spending hit $9.98 billion, up 75% year over year. Revenue rose 9% to $39.64 billion, while cloud revenue jumped 45% to $7.14 billion on AI demand.

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Latest
What changedProfit drops 75% on $10bn AI spending
Alibaba profit drops 75% as AI spending hits $10bn
TThe Next Web·4 days ago
Newclimbs, boom
Alibaba Revenue Climbs 9% on AI Boom
BBloomberg Tech·4 days ago
Newincome, plunges
Alibaba Q1 Revenue Up 9%, Net Income Plunges 75%
TTechmeme·4 days ago
Alibaba cloud revenue jumps 45% on AI demand
CCNBC Tech·4 days ago

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