Earnings July 30th The company is expected to report EPS of $2.24, down 6.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.95 billion, up 8.22% from the year-ago period. Up with revenue earnings per share is performance based way undervalued get in while can.
Woah taking off today Leader in AI also Alibaba’s cloud computing unit showcased growth in user numbers for its Tongyi Qianwen LLMs, with downloads doubling to over 20 million in the past two months. Alibaba Cloud’s chief technology officer, Zhou Jingren, reported a 150% increase in customers using Alibaba Cloud Model Studio, reaching 230,000. Alibaba stock is trading lower on Monday.
I don't know if just you been ordering all my stuff cheaper then @ebay and @amazon on @AlibabaGroup with this" @AliExpress_EN " Getting Alibaba stock few days got $300 going over from bank to broker account
He was first richest person in China! Jack Ma owner of Alibaba $BABA As of February 2024, with a net worth of $30.1 billion, Ma is the sixth-wealthiest person in China, as well as the 50th wealthiest person in the world, ranked by Bloomberg Billionaires Index.
Alibaba has more reasons to rejoice, especially as it became a leading Chinese artificial intelligence (AI) developer. One of its Qwen models has outperformed domestic competitors to secure the third spot globally, following only Microsoft Corp (NASDAQ:MSFT) OpenAI, and Anthropic. The Qwen2-72B-Instruct, the most advanced version of Alibaba’s Qwen family of large language models (LLMs), ranked just behind OpenAI’s GPT-4o and Anthropic’s Claude 3.5 Sonnet, SCMP cites SuperClue, a benchmarking platform. Just weeks ago, Qwen2-72B topped the ranking of open-source models on Hugging Face, a machine-learning developer platform, with three Qwen models making the top 10.
Joe Tsai highlights the powerful synergies between AI and cloud at Alibaba $BABA. With triple-digit growth in AI-driven cloud revenue, Alibaba is one of the few global players with both cloud and proprietary AI under one roof.
$BABA will generate $191 billion revenue in 2028 even if you assume just 10% annual revenue growth. This is more than its current market cap. You are basically paying nothing for its 2029 revenue. P/B is getting close to 1. It’s the cheapest big-tech stock.
This thing has underperformed for many quarters now... I continue tracking the FXI for the inevitable China bounce back, but nothing this company has done or reported in their report last week leads me to believe this is bouncing back.
