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Alibaba just posted $34.57B in revenue, beating analyst expectations—but the real story is its historic push into AI and quick commerce. From Taobao Instant Commerce fueling a 25% surge in users, to eight straight quarters of triple-digit AI product growth, Alibaba is doubling down on its two biggest pillars: consumption and AI + cloud. The company even revealed it’s testing a new AI inference chip built in China, designed to reduce reliance on Nvidia while investing $53 billion into AI and cloud services over the next three years. With shares jumping more than 5% to $125.68, investors are watching closely. Will Alibaba’s bold moves pay off in the global AI race? #Alibaba #Stock #Nvidia 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.
