<p>阿里巴巴（BABA -9.10%）的股价今天大幅下跌，因为投资者对公司在云计算和人工智能（AI）方面的大规模支出计划表示担忧。</p>
<p>因此，截至东部时间上午 11:24，该股下跌了 9.7%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDg3NzEvYWxpYmFiYS1waG90by5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDg3NzEvYWxpYmFiYS1waG90by5qcGcmdz03MDA"/></p>
<p>图片来源：阿里巴巴。</p>
<h2>阿里巴巴面临投资者的怀疑</h2>
<p>投资者对大规模资本支出反应不佳并不罕见，这似乎就是目前的情况。</p>
<p>这家以天猫和淘宝电商平台闻名的中国科技巨头今天表示，计划在未来三年内投资至少 530 亿美元用于 AI 基础设施，这与美国的大型科技公司采取的举措类似。</p>
<p>然而，其美国同行在面对大规模支出时也遭遇了一些怀疑，现在阿里巴巴也面临类似的审视，尤其是在其股价在最近几个月飙升之后。</p>
<p>在搅动 AI 投资者的消息中，有报道称 <strong>微软</strong> 正在取消一些美国的数据中心租赁，这意味着它可能高估了对 AI 计算的需求。</p>
<h2>这对阿里巴巴意味着什么</h2>
<p>这一决定本身对阿里巴巴并不是坏事，反映了其美国同行正在进行的相同投资。</p>
<p>然而，考虑到公司最近的挣扎、美国对中国芯片进口的压力以及其他对股价的风险，包括来自政府的进一步打压，某些投资者的怀疑似乎是合理的。</p>
<p>对于投资消息，10% 的抛售似乎过于剧烈，通常投资会预示着增长，尤其是在上周发布的整体良好财报之后，其中包括 13% 的云收入增长。投资者应该忽视今天的下跌，因为 AI 支出可能会带来回报，但预计在未来几个月内，随着战略的实施，股价将会波动。</p>

阿里财报，一站看懂！

阿里巴巴-W

阿里巴巴

<p>阿里巴巴的股价今天下跌了 9.7%，原因是投资者对公司未来三年内在人工智能基础设施上投资 530 亿美元的担忧。这一反应反映了美国科技公司在面对大额资本支出时所遭遇的怀疑。尽管上周的财报表现良好，但投资者对阿里巴巴近期的困境和外部压力感到谨慎，导致了大规模抛售。虽然这项投资可能会带来增长，但随着战略的展开，股价预计将出现波动</p>

<p>Shares of <strong>Alibaba</strong>(BABA -9.10%) were taking a dive today after investors balked at the company's big spending plans in cloud and artificial intelligence (AI).</p>
<div class="lb-trans"><p>阿里巴巴（BABA -9.10%）的股价今天大幅下跌，因为投资者对公司在云计算和人工智能（AI）方面的大规模支出计划表示担忧。</p>
</div><p>As a result, the stock was down 9.7% as of 11:24 a.m. ET.</p>
<div class="lb-trans"><p>因此，截至东部时间上午 11:24，该股下跌了 9.7%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDg3NzEvYWxpYmFiYS1waG90by5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F808771%2Falibaba-photo.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Alibaba.</p>
<div class="lb-trans"><p>图片来源：阿里巴巴。</p>
</div><h2>Alibaba faces investor skepticism</h2>
<div class="lb-trans"><h2>阿里巴巴面临投资者的怀疑</h2>
</div><p>It's not unusual for investors to react poorly to massive capital expenditure layouts and it seems like that's what's happening here.</p>
<div class="lb-trans"><p>投资者对大规模资本支出反应不佳并不罕见，这似乎就是目前的情况。</p>
</div><p>The Chinese tech giant, best known for its Tmall and Taobao e-commerce platforms, said today that it plans to invest at least $53 billion AI infrastructure over the next three years, making a similar move to big tech companies in the U.S.</p>
<div class="lb-trans"><p>这家以天猫和淘宝电商平台闻名的中国科技巨头今天表示，计划在未来三年内投资至少 530 亿美元用于 AI 基础设施，这与美国的大型科技公司采取的举措类似。</p>
</div><p>However, its American peers have been greeted with some skepticism over the massive expenditures and now Alibaba is facing similar scrutiny, especially after the stock has soared in recent months.</p>
<div class="lb-trans"><p>然而，其美国同行在面对大规模支出时也遭遇了一些怀疑，现在阿里巴巴也面临类似的审视，尤其是在其股价在最近几个月飙升之后。</p>
</div><p>Among the news rattling AI investors were reports that <strong>Microsoft</strong> was canceling some leases for data center capacity in the U.S., meaning it may have overestimated demand for AI computing.</p>
<div class="lb-trans"><p>在搅动 AI 投资者的消息中，有报道称 <strong>微软</strong> 正在取消一些美国的数据中心租赁，这意味着它可能高估了对 AI 计算的需求。</p>
</div><h2>What it means for Alibaba</h2>
<div class="lb-trans"><h2>这对阿里巴巴意味着什么</h2>
</div><p>The decision, in and of itself, isn't a bad thing for Alibaba, and reflects the same investments its larger U.S. peers are making.</p>
<div class="lb-trans"><p>这一决定本身对阿里巴巴并不是坏事，反映了其美国同行正在进行的相同投资。</p>
</div><p>However, some investor skepticism seems reasonable given the company's recent struggles, U.S. pressure on China's chip imports, and other risks to the stock, including from another government crackdown.</p>
<div class="lb-trans"><p>然而，考虑到公司最近的挣扎、美国对中国芯片进口的压力以及其他对股价的风险，包括来自政府的进一步打压，某些投资者的怀疑似乎是合理的。</p>
</div><p>A 10% sell-off seems steep for news of investment, which typically precedes growth, especially coming after a generally solid earnings report last week that included cloud revenue growth of 13%. Investors should overlook today's decline as the AI spending could pay off, but expect the stock to be volatile over the coming months as the strategy plays out.</p>
<div class="lb-trans"><p>对于投资消息，10% 的抛售似乎过于剧烈，通常投资会预示着增长，尤其是在上周发布的整体良好财报之后，其中包括 13% 的云收入增长。投资者应该忽视今天的下跌，因为 AI 支出可能会带来回报，但预计在未来几个月内，随着战略的实施，股价将会波动。</p>
</div>

Why Alibaba Stock Was Falling Today

- 阿里巴巴股价因投资者对其云计算和人工智能支出计划的担忧下跌 9.7%。  
- 公司计划在未来三年内投资至少 530 亿美元于 AI 基础设施，面临与美国同行相似的审视。  
- 尽管短期内股价波动，长期投资可能带来增长，投资者应保持关注。  

为什么阿里巴巴的股票今天下跌