Alibaba Profit Drops 75% as AI Investment Accelerates
Alibaba’s quarterly profit fell about 75% as aggressive investment in AI infrastructure and cloud computing continued to pressure near-term earnings.
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Alibaba’s quarterly profit fell about 75% as aggressive investment in AI infrastructure and cloud computing continued to pressure near-term earnings.
Nebius reported another explosive quarter as revenue jumped 454% year over year, driven by record demand for AI cloud infrastructure and multibillion-dollar customer contracts.
SpaceX will release its first quarterly earnings report as a public company, with investors closely watching Starlink growth, AI spending, profitability, and future guidance.
Amazon’s market capitalization surpassed $3 trillion for the first time after a strong quarterly earnings report showed accelerating cloud growth driven by rising demand for AI infrastructure.
Amazon beat Wall Street expectations on earnings, revenue, and AWS growth, while announcing its AI and chip businesses each now generate more than $25 billion in annual revenue.
Samsung reported the most profitable quarter in its history as booming demand for AI memory chips drove operating profit up 1,800% year over year, while revenue more than doubled.
Alphabet topped Q2 expectations with strong cloud and advertising growth, but shares fell after the company raised its AI infrastructure spending forecast.
Tesla exceeded Q2 revenue expectations but missed earnings as AI investment and capital spending surged, sending shares lower in after-hours trading.
Samsung’s operating profit jumped 19-fold in the second quarter as surging AI chip demand fueled one of the strongest earnings recoveries in the company’s history.
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Victoria’s Secret shares soared nearly 40% after the company reported quarterly results that exceeded Wall Street expectations, triggering one of the stock’s strongest rallies in years.
Snowflake shares surged 35% after strong earnings and a $6 billion computing agreement with Amazon.
Nvidia reported $81.6 billion in first-quarter 2026 revenue as AI infrastructure demand remained exceptionally strong.
Honda reported the first annual loss in its history as EV investment costs and weaker global demand hurt profitability.
Gemini revenue rose 42% in Q1 2026 as financial services growth offset weaker crypto exchange activity.