Alibaba Shares Surge 19% on Cloud and AI Advancements
TL;DR Summary
Alibaba's Q1 earnings missed estimates but shares surged 13% after a positive analyst call, with a focus on future growth in AI, quick commerce, and cloud services. Despite a lackluster quarter, analysts see a strategic shift and expect the stock to rise, supported by strong buy ratings and an increased price target of $160.
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