Alibaba Makes Another Step Towards Unlocking Value
Portfolio Pulse from Upwallstreet
Alibaba (NYSE:BABA) reported Q4 revenue of $29.6 billion, up 2% YoY but missing estimates, and adjusted net profit of $4.0 billion, up 38% YoY. The company plans to spin off its cloud unit to compete with Amazon and Microsoft (NASDAQ:MSFT). Alibaba's AI technology is expected to drive growth in its cloud computing service.
May 19, 2023 | 4:34 pm
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NEUTRAL IMPACT
Alibaba plans to spin off its cloud unit to compete with Amazon and Microsoft. Alibaba's AI technology is expected to drive growth in its cloud computing service.
Alibaba's plan to spin off its cloud unit and focus on AI technology could increase competition for Microsoft in the cloud computing market. However, the impact on Microsoft's stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alibaba's Q4 revenue missed estimates but showed progress in profitability. The company plans to spin off its cloud unit to compete with Amazon and Microsoft, with AI expected to drive growth.
Alibaba's Q4 revenue missed estimates, but the company showed progress in profitability. The planned spinoff of its cloud unit and focus on AI technology are expected to drive growth, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100