Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% 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.

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China.

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.

Alibaba Group has announced a massive investment of 380 billion yuan ($52.44 billion) into generative AI and cloud computing infrastructure over the next three years. This sum surpasses Alibaba’s entire cloud and AI budget from the last decade.

Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.

Alibaba Group Holding Ltd. (NYSE: BABA) has announced an investment of 380 billion yuan ($53 billion) for its cloud computing and AI infrastructure, making it the largest private computing project to date.

KEY TAKEAWAYS U.S.-listed shares of Alibaba Group are falling 3% in premarket trading Monday after the Chinese tech giant announced plans to invest more than $52 billion in artificial intelligence and cloud infrastructure over the next three years.

Alibaba Group posted an 8% year-on-year increase in revenue for the December quarter of 2024 on Thursday, with its total revenue during the period

Alibaba Group offers 3,000 internships, over half in AI. Plans to invest $52.2B in AI and cloud computing. Stock down 4.61%.

Shares of Alibaba Group Holding Ltd. (NYSE: BABA) climbed 4.2% during the pre-market trading session on Wednesday following the launch of its video-generation software today. The stock also climbed on a positive analyst call.

Wan 2.1, which boasts performance that rivals other leading offerings, is among a series of new models developed by Alibaba.

Alibaba Group Holding Limited recently delivered earnings that surpassed expectations, sending its stock soaring. With this rally, Alibaba is no longer the deeply undervalued, overlooked stock it was in past years.