Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67%
Corroborated by 1 source from 1 publisher
globalbusiness4h ago
TL;DR
According to finance.yahoo.com, quick Read - - Alibaba’s aggressive spending in AI cloud capabilities and quick commerce is compressing near-term profitability but Patil believes the investments will build durable competitive advantages that translate into earnings power well above current depressed levels as sales and marketing expenses normalize and free cash flow recovers.