Alibaba Profit Plunges 75% as AI Spending Hits $10 Billion; Cloud Revenue Soars 45%
China's e-commerce giant bets big on AI infrastructure, but investors brace for a multi-year payoff as shares drop 6%.
Aug 21, 20261 views
E-commerce
AI Boosts E-Commerce and Big Tech: Shopify Soars, Microsoft Assures, Zalando Grows
Shopify's AI-driven forecast lifts shares 18%; Microsoft says AI cash flow will continue; Zalando launches AI discovery feed amid broader AI investment boom and regulatory challenges.
Aug 5, 20262 views