🚨 ALIBABA CRASHES 10%
🇨🇳 Alibaba shares plunged nearly 10% after announcing a $10.2B discounted share sale to fuel its AI expansion.
The shock? Quarterly profit already collapsed 75% YoY as AI spending surges.
Now investors are asking: Is Alibaba betting too much on AI?
🇨🇳 Alibaba shares plunged nearly 10% after announcing a $10.2B discounted share sale to fuel its AI expansion.
The shock? Quarterly profit already collapsed 75% YoY as AI spending surges.
Now investors are asking: Is Alibaba betting too much on AI?
