Latest AI News

Alibaba's cloud computing revenue grew 26% to $4.67B, driven by AI investments exceeding 100B yuan. Despite this success, overall revenue missed analyst estimates at 247.65B yuan due to weaker e-commerce performance. The company is developing custom AI chips to counter restrictions on Nvidia hardware and has committed 380B yuan for cloud and AI infrastructure over three years. Alibaba's stock rose 8% post-earnings, showing investor confidence in its AI strategy.

Marvell Technology's stock dropped 12.48% following disappointing forecasts for its data center segment, despite record revenues. While data center sales reached $1.51 billion (74% of Q2 2026 revenue), the weaker outlook raised concerns about AI chip market sustainability. High R&D spending (30% of revenue) is pressuring margins, though Marvell recently expanded its partnership with AWS through a five-year agreement. Investors remain cautious about execution risks and elevated valuations despite some analysts' optimism about AI-driven growth prospects.

Dell Technologies reported record revenue of $29.8 billion in Q2 2026, up 19% year-over-year, driven by strong AI server demand in its Infrastructure Solutions Group. Despite raising full-year guidance and posting non-GAAP earnings of $2.32 per share (up 19%), Dell shares declined as investors focused on margin pressures caused by rising component costs and price competition. Management remains confident that long-term enterprise AI infrastructure demand will eventually offset these margin challenges.

Alibaba reported mixed Q1 2025 results with revenue up 2% to $34.57 billion, missing estimates, while net income rose 76%. The company is investing $53 billion in AI and cloud infrastructure over three years, driving strong growth in its Cloud Intelligence Group. AI-related products now form a significant portion of external revenue. Despite reaching new highs in active consumers and daily orders, operational income fell 3% due to increased investments in commerce innovation. CEO Eddie Wu emphasized the company's dual strategy of expanding consumption platforms while strengthening AI-driven cloud services to capitalize on "historic opportunities" in the evolving market.