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Alibaba Stock Jumps As AI Powers 34% Cloud Growth For China Tech Giant

Alibaba Group (BABA) stock jumped Tuesday after the China tech giant reported stronger-than-expected revenue while earnings decreased. An acceleration in Alibaba’s cloud growth pointed to its AI momentum. Alibaba said that it earned an adjusted 4.36 yuan per American depositary share for the September-ended quarter. That’s down down 71% from the same period a year earlier and below the 6.03 yuan…

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