Alibaba just posted $34.57B in revenue, beating analyst expectations—but the real story is its historic push into AI and quick commerce. From Taobao Instant Commerce fueling a 25% surge in users, to eight straight quarters of triple-digit AI product growth, Alibaba is doubling down on its two biggest pillars: consumption and AI + cloud.The company even revealed it’s testing a new AI inference chip built in China, designed to reduce reliance on Nvidia while investing $53 billion into AI and cloud services over the next three years. With shares jumping more than 5% to $125.68, investors are watching closely.
Will Alibaba’s bold moves pay off in the global AI race?
#Alibaba #Stock #Nvidia
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