Alibaba Shares Rise as AI Demand Drives 34% Jump in Cloud Revenue
Alibaba shares climb as surging AI demand drives a 34% jump in cloud revenue and fuels higher long-term investment plans.
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Alibaba shares climb as surging AI demand drives a 34% jump in cloud revenue and fuels higher long-term investment plans.
Warren Buffett’s Berkshire Hathaway reported record cash holdings of $381.7 billion and a 34% jump in operating earnings, driven by strong insurance results and restrained disaster losses.
Alphabet’s stock climbed 8% after reporting record quarterly revenue of $102.3 billion, beating forecasts and raising its AI infrastructure budget to $92 billion for 2025.
BlackRock’s assets under management climbed to a record $13.46 trillion in the third quarter, driven by $205 billion in inflows, record ETF demand, and rising technology and private market revenues.