Alibaba Pivots to AI Amid E-commerce Slump
Alibaba's core e-commerce growth has slowed significantly. Alibaba Cloud shows strong growth, positioning AI as the company's savior. This reflects a strategic shift toward cloud and AI services.
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Oracle Q3 Revenue Jumps 22% on Cloud Surge
Oracle's FY2026Q3 revenue hit $17.2B, up 22% YoY in USD, with cloud services at $8.9B, up 44%. Remaining Performance Obligations (RPO) reached $553B, up 325% YoY and +$29B QoQ. Q4 guidance projects total revenue growth of 19-21% and cloud at 46-50%.
Oracle Cloud Revenue Beats on AI Bookings
Oracle reported quarterly cloud revenue exceeding expectations. It projects strong sales for the next fiscal year. Growth reflects massive AI bookings converting to revenue.
Xbox Revenue Drops 33% as Cloud Surges
Microsoft's Xbox hardware revenue fell 33% in its latest earnings report. Xbox content and services declined 5%, amid executive turnover including Phil Spencer's retirement. Cloud and productivity segments drove total revenue to $82.9 billion.
Alibaba Earnings: Stable Legacy, New Ventures
Alibaba's latest earnings reveal stability in core legacy businesses. New strategic initiatives offer promising potential. Success depends on future data validation.
Alibaba AI Worries Overstated, Rebound Ahead
Market fears about Alibaba's AI efforts are exaggerated, with potential stock rebound after earnings. The cloud business is forecast for strong quarterly growth. It provides website hosting and competes with Amazon, Alphabet, and Microsoft.