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Alibaba reports 75% profit drop amid increased AI spending

Alibaba's net income fell 75% to $1.5B in the June quarter despite 9% revenue growth, as aggressive AI infrastructure spending compressed

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Alibaba reports 75% profit drop amid increased AI spending

Alibaba reported 75% profit decline to $1.5B with 9% revenue growth; heavy AI infrastructure spending identified as primary cause. The pattern reflects broader Big Tech shift—hyperscalers trading near-term EBITDA for foundational AI and cloud platforms amid competitive pressures.

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martedì 18 agosto 2026·techxplore.com
China's Baidu, betting on AI, posts fifth straight quarterly revenue drop
Baidu posted a fifth straight drop in quarterly revenue on Tuesday as the Chinese tech giant expressed confidence in its transition to artificial intelligence services to drive…
giovedì 20 agosto 2026·cnbc.com
Alibaba shares fall 4% as AI spending drives 75% drop in net income
Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.The company has been investing…

Alibaba reports 75% profit drop amid increased AI spending

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Alibaba reports 75% profit drop amid increased AI spending

Timeline cronologica

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