Alibaba jumps as it strikes bullish tone on AI investments, even as profit plunges

2026-05-13 15:19 •
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
Read More Here: https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.html