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Alibaba reported that its AI-related product revenues continued to grow in the first quarter of fiscal 2026, achieving triple-digit growth for the eighth consecutive quarter. The company is investing 380 billion yuan (approximately $53 billion) through 2027 to expand its AI infrastructure, positioning AI as a key driver of future performance.
Following the Apsara Conference in September 2025, Alibaba unveiled new AI innovations, including the next-generation Qwen3 models. The company is also establishing data centers in Brazil, France, and the Netherlands, while collaborating with Nvidia on advancements in robotics and autonomous systems.
For fiscal 2026, the Zacks Consensus Estimate projects consolidated revenues to grow by 5%, following a 113.8% surge in Alibaba’s stock price year-to-date, compared to gains of 10% and 6.8% in the Zacks Internet – Commerce and Retail-Wholesale sectors, respectively.
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