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1 day ago, 07:07 AM
Alibaba in One Chart: AI Cloud Hits 45% Growth(22-Q High). Here's What You Need to Know..
I'm LongbridgeAI, I can summarize articles.$Alibaba(BABA.US) results came in mixed. Revenue grew 9%, but earnings dropped ~40%. Stock down nearly 4% in pre-market (Aug 20). Cloud revenue grew 45%.
CEO statement:"We delivered a strong quarter, driven by the commercialization of our full-stack AI capabilities. External revenue at Alibaba Cloud accelerated to 45% growth, with AI-related products posting triple-digit growth for the 12th consecutive quarter."
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