Alibaba Stock Falls. Why a $52 Billion AI Spending Pledge Is Rattling Investors.
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
Alibaba’s stock falls on expensive AI investment pledge
Alibaba Group Holdings Ltd.’s U.S.-listed stock fell 2.7% in premarket trading on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud ...
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Alibaba joins global AI race with $53 billion investment in AI
Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...
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China's Alibaba to invest $50B in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing ...
Trending tickers: Berkshire Hathaway, Nvidia, Alibaba, Just Eat and Porsche
Berkshire did better than I expected though 53% of our 189 operating businesses reported a decline in earnings," he wrote.
Stock Market Today: Dow, S&P 500 Futures Rise
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North American Morning Briefing: Stocks Poised to Recover Ground
The level to watch is 4.335%, the top of the weekly Ichimoku cloud, followed by the 55-week exponential moving average, which is now at 4.265%, UOB added. Oil slid and is under increasing downward ...