$Alibaba(BABA.US)

Below my personal expectations, but why did the stock start rising after a financial report that everyone thought was terrible was announced?

1 Stock price isn't just about looking at profits; it's about future expectations. The investment in Qianwen's food delivery red packets has been stopped, and regulatory requirements are for platforms not to harm each other, so next quarter's profits are bound to recover.

2 The impact on cloud AI revenue was greater from April to June, so the feedback in the August financial report is expected to be even better. The big AI chip pie has been drawn.

3 The financial report didn't have too many unexpected shocks; in other words, the reduction in profits to invest in AI was already priced in long ago.