Alibaba's Stock Falls On Expensive AI Investment Pledge -- MarketWatch

Dow Jones

Feb 24, 2025

Alibaba Group Holdings Ltd.'s U.S.-listed stock fell 2.7% in premarket trading on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and Artificial Intelligence infrastructure.

The spending plan amounts to nearly eight times its most recent quarterly profit of $6.7 billion.

"The investment, which exceeds Alibaba's total AI and cloud spending over the past decade, underscores the company's focus on AI-driven growth and its role as a leading global cloud provider," the online retailer $(BABA)$ said.

Prior to Monday's moves, Alibaba's stock rose 5.7% in the previous session. The stock has risen 69.4% so far in 2025.

-Steve Gelsi

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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February 24, 2025 06:59 ET (11:59 GMT)

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The stock has risen 69.4% so far in 2025. \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 06:59 ET (11:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1568876251.USD","symbol_name":"ALLIANZ CHINA MULTI INCOME PLUS \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513740199","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513740199","pubTimestamp":1740398340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Alibaba Group Holdings Ltd.'s U.S.-listed stock fell 2.7% in premarket trading on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and Artificial Intelligence infrastructure.The spending plan amounts to nearly eight times its most recent quarterly profit of $6.7 billion.\"The investment, which exceeds Alibaba's total AI and cloud spending over the past decade, underscores the company's focus on AI-driven growth and its role as a leading global cloud provider,\" the online retailer  said.Prior to Monday's moves, Alibaba's stock rose 5.7% in the previous session. 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The stock has risen 69.4% so far in 2025. \n\n\n     -Steve Gelsi \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 06:59 ET (11:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}