Alibaba Profit Falls 66% as AI Investments Weigh on Earnings
Alibaba reports a 66% profit drop as AI and cloud investments weigh on earnings despite strong demand.
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Alibaba reports a 66% profit drop as AI and cloud investments weigh on earnings despite strong demand.
SoftBank posts record profit as AI investments surge, including a $30 billion increase in its stake in OpenAI.
The hedge fund behind DeepSeek delivered over 50% returns last year, boosting capital reserves for one of the world’s fastest-rising AI developers.
ASML shares surged to a new all-time high, pushing the company’s market capitalization above $500 billion as strong results from TSMC reignited optimism across the global semiconductor sector.
Nvidia is preparing to scale back production of its GeForce RTX 50 graphics cards as surging memory and storage prices dampen consumer upgrade demand, particularly in key Asian markets.
Shares of SoftBank Group fell by as much as 10% after the conglomerate sold its entire stake in NVIDIA Corporation for $5.8 billion, highlighting mounting funding pressures from its ambitious AI investments.
SoftBank sells its entire stake in Nvidia for $5.8 billion as it reallocates capital toward new AI and semiconductor ambitions.
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