Alibaba Group: Cloud revenue up 45% and AI product growth drives robust results; CapEx surges for AI infrastructure - TradingView
9/10Alibaba's cloud revenue grew 45% driven by AI product expansions, with a significant surge in capital expenditures for AI infrastructure. The company ramped up AI hardware investments aggressively, causing a 75% profit drop in one quarter due to the elevated AI spending cost, reflecting tradeoffs between growth and short-term profitability.
