15:43
2026-08-21
247wallst.com
artificial-intelligence
Alibaba Sinks 7% as a 75% Capex Surge Swallows 45% Cloud Growth; Baidu Ticks Up
Alibaba Group Holding Ltd. shares fell 7% to $121.17 on Friday as investors repriced the cost of its AI infrastructure buildout, despite cloud revenue rising 45% to 48.44 billion yuan ($7.2 billion) iβ¦