Tag: #cloud-revenue5 results
Alibaba aims to generate $100 billion in cloud and AI revenue within five years. China's uptake of OpenClaw-style agentic AI has given Tencent an initial edge. WPIC CEO discusses China AI landscape on Bloomberg Tech.
Alibaba's cloud and AI unit is forecast to drive March quarter growth at 40% revenue increase, up from 36% last quarter. Acceleration stems from stepped-up AI monetization, business reshuffles, and a surge in token usage. Analysts highlight higher service charges as a supporting factor.
Micron announces heavy production investments to combat memory shortages driven by demand. Alibaba targets $100 billion in cloud and AI revenue over five years despite earnings pressures. Uber commits up to $1.25 billion for Rivian's robotaxi fleet expansion.
Oracle shares extend gains after the company boosted its revenue outlook. Analysts from Wedbush recap the quarterly earnings report. This occurs amid equity futures wavering ahead of CPI data.
Oracle's Q3 total revenue reached $17.2B, up 22% in USD and 18% at constant rates. Cloud services revenue hit $8.9B, up 44% in USD. GAAP net income was $3.7B with EPS $1.27.