EconoTicker

Nvidia, the U.S. AI chip and semiconductor leader, delivered another strong quarterly report, beating Wall Street expectations on both revenue and earnings. The company reported $81.62 billion in revenue, up 85% YoY, while adjusted EPS came in at $1.76, slightly above expectations. NVIDIA also guided for about $91 billion in current-quarter revenue, ahead of analyst forecasts, supported by strong AI chip demand.

However, the stock reaction stayed muted as investors questioned whether the company’s massive valuation was already pricing in much of the AI growth story. In updated trading, NVDA was around $219.51, down $3.99, or about 1.8%, with an intraday range of $218.05–$226.96. NVIDIA’s market capitalization stood at $5.35 trillion.

The earnings report also included an $80 billion stock buyback and a sharp dividend increase from $0.01 to $0.25 per share, but investors remained focused on valuation, China-related uncertainty, and whether AI infrastructure spending can keep accelerating from already extreme levels.

Importance Level: High

Possible Market Effect: The report remains positive for the AI and semiconductor theme, but the muted stock reaction shows that Nvidia now needs not only strong earnings, but also stronger-than-strong expectations to keep rallying.

Overall Market Sentiment: Neutral-to-Buy for NVDA, but valuation risk remains high.

Q&A

What is Nvidia’s updated stock price? NVIDIA is trading around $219.51, down about 1.8%.

Did Nvidia beat earnings expectations? Yes. Revenue reached $81.62 billion, and adjusted EPS came in at $1.76.

Why did Nvidia fall despite strong earnings? Investors are worried that its valuation above $5 trillion may already reflect much of the AI growth story.

Is the Nvidia report still positive for AI stocks? Yes, but the market reaction shows investors are becoming more selective after the AI rally.

Source: Nvidia, AP, Financial Times, market data

Jefferies said Nvidia’s bullish comments on its Arm-based Vera CPU business are positive for Arm Holdings, the UK-based chip architecture company listed on Nasdaq. The bank reiterated its Buy rating and $290 price target on Arm.

On its earnings call, Nvidia said it now has visibility for $20 billion in revenue this year from standalone Arm-based Vera CPUs, adding that the chip opens a new $200 billion total addressable market. Jefferies analyst Janardan Menon said this improves Arm’s royalty outlook and signals broader demand for Arm-based processors in data centers.

Arm has already reached around 50% share of the hyperscaler CPU market, supported by Nvidia’s Grace chip inside Grace-Blackwell systems and existing Graviton-related market share. Jefferies expects Vera-Rubin deployments, standalone Vera CPU shipments, and growth in Graviton and Axion to push Arm’s share closer to 60% in the coming years.

The key long-term point is Arm’s AGI CPU opportunity. Jefferies believes Arm’s guidance for AGI CPU revenue to rise from $1 billion in FY28 to $15 billion in FY31 may be conservative, with the total addressable market potentially closer to $200 billion by FY31. Jefferies forecasts $1.4 billion in Arm AGI CPU revenue for FY28, above company guidance.

Importance Level: High

Possible Market Effect: The report is positive for ARM because Nvidia’s Vera outlook supports higher data-center royalty growth and strengthens ARM’s AI infrastructure narrative. It is also supportive for the broader AI-chip supply chain, although valuation risk remains important after the sector’s strong rally.

Overall Market Sentiment: Buy / Positive for ARM; Neutral-to-Buy for AI-chip infrastructure stocks

Q&A

Why is Nvidia’s Vera CPU outlook positive for Arm? Because Vera is Arm-based, and Nvidia’s expected $20 billion in standalone Vera CPU sales could improve Arm’s royalty growth.

What is Jefferies’ rating and price target on Arm? Jefferies reiterated a Buy rating and a $290 price target.

How big could ARM’s data-center CPU opportunity become? Jefferies says the total addressable market may be closer to $200 billion by FY31.

Is Arm’s investment case only about royalties? No. Jefferies argues the bigger investment story is increasingly tied to the long-term AGI CPU opportunity.

Source: Jefferies, Nvidia earnings call

U.S. stock index futures initially fell after Nvidia’s earnings as investors questioned whether even strong AI results were enough to justify stretched valuations. But the latest futures pricing shows a more stable picture than the earlier evening sell-off. S&P 500 Futures traded around 7,450.00, down 1.75 points or 0.02%; Nasdaq 100 Futures traded around 29,399.75, up 9.25 points or 0.03%; and Dow Jones Futures traded around 50,044.00, down 50.00 points or 0.10%.

The futures move followed a strong Wall Street session. The Dow Jones closed at 50,009.35, up 645.47 points or 1.31%; the S&P 500 closed at 7,432.97, up 79.36 points or 1.08%; and the Nasdaq Composite closed at 26,270.36, up 399.65 points or 1.55%. Reuters said Nvidia closed 1.3% higher, but after-hours trading was volatile after the company issued a stronger-than-expected revenue forecast and announced an $80 billion share buyback program.

Importance Level: High

Possible Market Effect: The updated futures data show that the Nvidia earnings reaction is not a clean risk-off move. Nasdaq futures have recovered into slightly positive territory, suggesting AI sentiment remains supported, but the Dow and S&P 500 remain cautious. If Nvidia holds gains during the cash session, AI and semiconductor stocks could support the broader market again.

Overall Market Sentiment: Neutral-to-Buy for Nasdaq / AI-linked stocks; Neutral for S&P 500; Neutral-to-Sell for Dow futures

Q&A

What are the updated U.S. futures prices? S&P 500 Futures are around 7,450.00, Nasdaq 100 Futures around 29,399.75, and Dow Futures around 50,044.00.

Are Nasdaq futures still falling after Nvidia earnings? No. The latest update shows Nasdaq 100 Futures slightly higher by 0.03%.

Did Wall Street close higher before the futures session? Yes. The Dow rose 1.31%, the S&P 500 gained 1.08%, and the Nasdaq climbed 1.55%.

What is the key market question after Nvidia earnings? Whether Nvidia’s strong AI demand and buyback are enough to sustain the AI rally despite valuation concerns.

Source: Investing.com, Reuters, AP

Samsung Electronics, the South Korean semiconductor and electronics giant, jumped over 6% to 294,000 won on Thursday after the company reached a last-minute tentative pay deal with its largest union, avoiding a major strike that had been set to begin within hours. The rally helped drive a nearly 6% surge in the KOSPI index, while the stock traded close to record-high territory.

The union, representing nearly 48,000 workers, agreed to suspend the strike after the tentative deal, with members set to vote on the agreement between May 22 and May 27. Reuters reported that the deal helped avert a potentially damaging strike for Samsung, South Korea’s export engine, and the global chip supply chain.

The dispute was tied to workers’ demands for a larger share of profits from Samsung’s memory-chip business, which has benefited from AI-driven demand. The Financial Times reported that the agreement includes profit-sharing terms for semiconductor workers and an average wage increase, after renewed negotiations helped prevent a disruptive walkout.

The relief spread across the chip sector. SK Hynix, Samsung’s smaller South Korean memory-chip rival, rose nearly 5%, while broader semiconductor sentiment was also supported by strong earnings from Nvidia, which reinforced expectations that AI-related chip demand will remain strong.

Importance Level: High

Possible Market Effect: The deal is positive for Samsung, SK Hynix, and South Korean equities because it reduces strike-related supply-chain risk at a time when AI memory demand remains strong. However, higher labor costs and profit-sharing commitments may limit margin upside over time.

Overall Market Sentiment: Buy / Positive for Samsung and KOSPI; Neutral-to-Buy for SK Hynix and AI-linked chip stocks

Q&A

Why did Samsung shares jump? Samsung shares rose after the company reached a tentative deal with its largest union, preventing a major strike risk.

How much did Samsung stock rise? Samsung jumped over 6% to 294,000 won, moving close to record-high levels.

Why is the Samsung union deal important for AI markets? Samsung is a major memory-chip supplier, and avoiding a strike reduces disruption risk in the AI hardware supply chain.

Is the news positive for SK Hynix? Yes. SK Hynix also rose nearly 5%, helped by improved chip-sector sentiment and strong AI memory demand.

Source: Reuters, Financial Times, Samsung union updates

OpenAI is preparing to file a confidential IPO prospectus within the coming days or weeks, potentially as early as Friday, according to a Wall Street Journal report citing people familiar with the matter. The company is reportedly working with bankers from Goldman Sachs and Morgan Stanley to draft the prospectus.

The artificial intelligence company is targeting a public debut as early as September, although the timeline remains subject to change. The possible IPO comes after OpenAI recently won a legal battle against co-founder Elon Musk, removing a major obstacle to the offering. Musk has indicated plans to appeal the decision.

The IPO process also comes at a critical point for OpenAI. Investors are likely to focus on whether the company can generate enough revenue to justify its large data-center spending commitments. Competition is also intensifying, especially from Anthropic, which has recently seen faster growth through workplace adoption. OpenAI is now carrying out a major strategic pivot to respond to that pressure.

Importance Level: High

Possible Market Effect: The news is positive for AI-market sentiment and could strengthen investor interest in AI infrastructure, cloud, data centers, and related technology themes. However, valuation risk, data-center spending, and competition from Anthropic remain key concerns. Since OpenAI is still private, there is no direct public stock reaction yet.

Overall Market Sentiment: Neutral-to-Buy for AI sector sentiment / Neutral for OpenAI until IPO valuation and financial details are clear

Q&A

When could OpenAI file its confidential IPO prospectus? OpenAI may file within the coming days or weeks, potentially as early as Friday.

When could OpenAI go public? The company is reportedly targeting a public debut as early as September, though the timeline could change.

Which banks are working with OpenAI on the IPO prospectus? Goldman Sachs and Morgan Stanley are reportedly helping draft the IPO prospectus.

What are the main risks for OpenAI’s IPO? The main risks are heavy data-center spending, revenue scalability, high valuation expectations, and rising competition from Anthropic.

Source: Wall Street Journal

Nvidia, the U.S. semiconductor and AI infrastructure giant, reported another market-moving earnings result, confirming that artificial intelligence demand remains one of the strongest growth engines in global equities. For Q1 FY2027, Nvidia reported record revenue of $81.6 billion, up 20% QoQ and 85% YoY. Data Center revenue reached a record $75.2 billion, up 92% YoY, showing that AI infrastructure spending remains the core driver of the company’s growth.

Profitability was also strong. Nvidia reported GAAP EPS of $2.39 and non-GAAP EPS of $1.87, with non-GAAP gross margin at 75.0%. The company guided for Q2 FY2027 revenue of $91.0 billion, plus or minus 2%, and said its outlook does not assume any Data Center compute revenue from China. Nvidia also announced an additional $80 billion share repurchase authorization and raised its quarterly dividend from $0.01 to $0.25 per share.

The stock reaction remained positive. Nvidia shares traded around $223.47, up about 1.3%, with an intraday high of $226.68 and a market capitalization near $5.47 trillion. The move also supported broader chip-sector sentiment, as investors treated the earnings report as another confirmation that AI capex remains strong.

Importance Level: High

Possible Market Effect: Nvidia’s report is positive for AI-linked equities, semiconductors, data-center infrastructure, power-demand themes, and the Nasdaq. However, after such a strong rally and a market cap above $5 trillion, the stock may remain sensitive to valuation, Treasury yields, China exposure, and whether AI spending can keep accelerating.

Overall Market Sentiment: Buy / Positive for NVDA and AI-related chip stocks; Neutral-to-Buy for Nasdaq, but valuation risk remains high.

Q&A

Did Nvidia beat expectations? Yes. Revenue reached $81.6 billion, above market expectations, with Data Center revenue at $75.2 billion.

Why is Nvidia’s earnings report important for markets? Nvidia has become the key benchmark for AI infrastructure demand, so its results influence chip stocks, Nasdaq sentiment, and the broader AI trade.

Is Nvidia still a buy after earnings? Market sentiment is Buy / Positive, but traders should watch valuation risk, Treasury yields, and China-related revenue uncertainty.

What was Nvidia’s latest stock price? Nvidia traded around $223.47, with market cap near $5.47 trillion.

Source: Nvidia Investor Relations, Nvidia Newsroom, market data

Lazard CEO Peter Orszag said the U.S. economy has become a leveraged bet on artificial intelligence, with AI and high-income consumers now acting as the main engines of growth. Speaking on Bloomberg Deals, Orszag said AI-driven gains in equity markets are helping wealthier consumers, creating a feedback loop between stock market performance and consumer spending.

Orszag said the bet on AI “may or may not pay off,” but described it as a good bet for the U.S. economy. His comments came as Lazard advised NextEra Energy, the American utility and clean-energy company, on its $67 billion acquisition of Dominion Energy, another major U.S. utility. The deal highlights how AI-related power demand is reshaping the utilities sector and pushing companies toward larger scale.

However, Orszag also warned that AI could create a major labor-market adjustment. He said labor markets usually handle small shocks that happen quickly or large shocks that happen slowly, but AI could become a large shock that happens fast. His warning comes as major banks increasingly discuss automation, with Standard Chartered and Goldman Sachs executives pointing to workforce efficiency and operational automation.

Importance Level: Medium

Possible Market Effect: The comments are supportive for long-term AI infrastructure, power demand, utilities, and selected technology themes. However, they also raise risk around labor-market disruption, equity-market concentration, and the possibility that U.S. growth is becoming too dependent on AI-related capital gains.

Overall Market Sentiment: Neutral-to-Buy for AI infrastructure and power-demand themes / Neutral for broader U.S. equities / Neutral-to-Sell for labor-intensive business models exposed to automation

Q&A

Why does Lazard’s Peter Orszag say the U.S. economy is a leveraged AI bet? Because AI is driving equity-market gains, supporting high-income consumers, and becoming a major source of U.S. growth.

What does the NextEra-Dominion deal show about AI demand? The $67 billion deal shows that rising AI power demand is pushing utilities to scale up and expand capacity.

Is AI positive or negative for the U.S. labor market? It is mixed. AI can raise productivity and investment, but Orszag warned it may also create a fast and large labor-market shock.

What sectors could benefit from AI-driven economic growth? AI infrastructure, data centers, utilities, power generation, semiconductors, and selected technology companies may benefit most.

Source: Bloomberg

JPMorgan reinstated ratings and price targets on 14 large-cap biotechnology companies, describing the sector as being at a critical “inflection point” as pipeline success increasingly turns into profitable commercial franchises.

The bank’s analysts, led by Jessica Fye, said several biotech companies have already moved into sustained profitability, while others are close to that stage. The report highlighted Alnylam Pharmaceuticals (ALNY), BeOne Medicines (ONC), and Ascendis Pharma (ASND) as companies that have transitioned into profitability, while Insmed (INSM) and Ionis are close to reaching that point.

JPMorgan also pointed to diversification as a major theme. Vertex Pharmaceuticals (VRTX) is expanding into renal disease, BioMarin is strengthening its rare disease portfolio through acquisitions, and Moderna (MRNA) is applying its mRNA platform to oncology. The bank also expects upcoming clinical updates, including cardiovascular outcomes trials for Ionis-partnered drugs and pivotal renal data from Vertex, to act as key sector catalysts.

JPMorgan rated Vertex, Alnylam, BeOne, United Therapeutics, Insmed, Ascendis, Jazz Pharmaceuticals, Ionis, BioMarin, and Mirum as Overweight. It assigned Neutral ratings to BioNTech, Incyte, and Halozyme, while Moderna was rated Underweight because of financial risks despite progress in oncology.

December 2026 price targets include $515 for Vertex, $420 for Alnylam, $415 for BeOne, $685 for United Therapeutics, $180 for Insmed, $100 for BioNTech, and $40 for Moderna.

Importance Level: Medium

Possible Market Effect: The report is positive for large-cap biotech sentiment, especially companies with improving profitability, diversified pipelines, and near-term clinical catalysts. The strongest market support is likely for JPMorgan’s Overweight names, while Moderna may remain under pressure due to the Underweight rating and financial-risk concerns.

Overall Market Sentiment: Neutral-to-Buy for large-cap biotech / Buy bias for JPMorgan Overweight names / Neutral-to-Sell for Moderna

Q&A

Why does JPMorgan see large-cap biotech at an inflection point? Because more companies are converting pipeline success into profitable commercial franchises and moving beyond single-product reliance.

Which biotech stocks did JPMorgan rate Overweight? JPMorgan rated Vertex, Alnylam, BeOne, United Therapeutics, Insmed, Ascendis, Jazz, Ionis, BioMarin, and Mirum as Overweight.

Why did JPMorgan rate Moderna Underweight? JPMorgan cited financial risks, even though Moderna is making progress in oncology.

What are the biggest biotech catalysts JPMorgan highlighted? Key catalysts include cardiovascular outcomes trials for Ionis-partnered drugs and pivotal renal readouts from Vertex.

Source: JPMorgan

Wall Street ended lower last night as rising bond yields again pressured risk appetite, especially in technology and semiconductor stocks. The S&P 500 fell 0.7% to 7,353.61, marking a third straight decline. The Nasdaq Composite dropped 0.8% to 25,870.71, while the Dow Jones Industrial Average lost 0.6% to 49,363.88.

The pressure came from renewed inflation worries and higher Treasury yields. Reuters reported that the 10-year Treasury yield reached 4.687%, its highest level since January 2025, as investors continued to price inflation risk from elevated oil prices and Middle East uncertainty.

In today’s live futures pricing, the tone remains cautious. S&P 500 Futures traded around 7,367.75, down 0.14%; Nasdaq 100 Futures were near 28,923.50, broadly flat; and Dow Jones Futures traded around 49,373.00, down 0.17%.

Importance Level: High

Possible Market Effect: Higher yields remain the main pressure point for Wall Street. If the 10-year yield stays near recent highs, growth and technology stocks may remain vulnerable. Futures are not showing panic, but they also do not confirm a strong rebound yet.

Overall Market Sentiment: Neutral-to-Sell for S&P 500 and Nasdaq / Sell pressure remains stronger in rate-sensitive tech stocks

Q&A

Did Wall Street close lower last night? Yes. The S&P 500, Nasdaq Composite, and Dow Jones all closed lower, with the Nasdaq leading the decline.

What are today’s updated U.S. futures prices? S&P 500 Futures are around 7,367.75, Nasdaq 100 Futures are around 28,923.50, and Dow Futures are around 49,373.00.

Why are U.S. stocks under pressure? Rising Treasury yields, inflation fears, and Fed rate-hike risk are pressuring equity valuations, especially technology and semiconductor shares.

Is the Wall Street setup bullish or bearish today? The setup is Neutral-to-Sell, because futures are only stable-to-soft while yields remain elevated.

Source: AP, Reuters, Investing.com

Business Type: Aerospace, commercial aircraft, jet engines

Tickers: BA, GE

Importance: High

Market Sentiment: Boeing Neutral-to-Sell / GE Aerospace Neutral-to-Sell

U.S. President Donald Trump said China has agreed to buy 200 Boeing jets, with the order potentially rising to as many as 750 aircraft if the initial deal performs well. Trump also said the aircraft would use GE Aerospace engines, making the agreement important for both Boeing and GE. However, details on aircraft models, delivery timing, and final contract structure were not immediately available.

Despite the headline deal, investors reacted cautiously because the confirmed 200-plane figure was below earlier expectations for a roughly 500-jet order. Boeing shares are currently trading around $223.44, down 2.52%, with an intraday range of $222.10–$232.50. GE Aerospace is also lower, trading around $284.62, down 2.37%, with an intraday range of $283.63–$291.94.

If finalized, the deal would be Boeing’s first major Chinese aircraft order in nearly a decade, after trade tensions largely shut the company out of the world’s second-largest aviation market. A larger follow-on order would help Boeing regain ground against Airbus in China, while also supporting GE Aerospace’s engine backlog. Still, the lack of final details and the smaller-than-hoped initial order explain why the stocks remain under pressure.

Possible Market Effect:

The strategic signal is positive for Boeing and GE Aerospace, but the immediate market signal is Neutral-to-Sell because investors expected a larger confirmed order. Boeing needs clearer contract details, delivery schedules, and Chinese confirmation to turn the news into a stronger bullish catalyst. For GE Aerospace, the deal is supportive for long-term engine demand, but the stock is still reacting to disappointment over the initial order size.

Q&A

How many Boeing jets did Trump say China will buy?

Trump said China agreed to buy about 200 Boeing jets, with the potential for the order to rise to 750 aircraft.

Why did Boeing shares fall despite the China order?

Because investors had expected a larger order, possibly around 500 jets, while the confirmed figure was only 200 aircraft and final details remain unclear.

What is the current market sentiment for Boeing and GE Aerospace?

The current sentiment is Neutral-to-Sell for both Boeing and GE Aerospace, because the deal is strategically positive but the market wanted a larger and more detailed order.

Source: Reuters, market data

Importance: High

Market Sentiment: KOSPI Sell / Samsung Sell / SK Hynix Neutral-to-Sell

South Korea’s KOSPI plunged 6.12% to 7,493.18 on Friday, reversing sharply after briefly trading above the record 8,000 level. The selloff marked the index’s worst session in roughly two months and reflected heavy profit-taking after a powerful AI- and chip-led rally. The Kosdaq fell 2.61%, showing broader pressure across Korean equities.

The decline was concentrated in the semiconductor heavyweights. Samsung Electronics fell sharply after its largest labor union reaffirmed plans for an 18-day strike starting May 21, despite the company offering to resume pay negotiations without preconditions. Reuters reported Samsung shares down 9.3%, while other market summaries showed a drop around 8.6%. SK Hynix also tumbled, falling about 7.7%, as investors reduced exposure to Korea’s crowded AI-memory trade.

The risk is important because Samsung and SK Hynix have become dominant drivers of the KOSPI rally, together accounting for a record share of the benchmark in May. The strike threat raises concerns about possible production disruption at Samsung, the world’s largest memory-chip maker, at a time when AI demand has already tightened the global memory market.

Possible Market Effect:

The immediate signal for KOSPI is Sell, as the index is vulnerable to profit-taking after an extreme rally and heavy concentration in chip stocks. For Samsung, sentiment remains Sell until strike risk eases. For SK Hynix, the signal is Neutral-to-Sell: the stock is exposed to sector-wide liquidation, but any real Samsung production disruption could later support memory pricing and benefit competitors.

Q&A

Why did South Korea’s KOSPI fall so sharply?

The KOSPI fell because investors took profits after a record rally, while Samsung’s strike risk and heavy selling in chip stocks triggered a broad market pullback.

How much did the KOSPI fall?

The KOSPI dropped 6.12% to 7,493.18, after recently moving above the 8,000 level.

Is Samsung’s strike risk negative for the memory-chip market?

It is negative for Samsung sentiment and near-term Korean equity risk, but if production is disrupted, it could tighten memory supply and later support pricing for competitors.

Source: Reuters, Investing.com, Seoul Economic Daily, Korea Exchange-linked market reports

Origin: China / United States-listed ADR

Business Type: E-commerce, cloud computing, and artificial intelligence technology company

Ticker: BABA

Importance: High

Market Sentiment: BABA Buy, but margin risk remains

Alibaba’s U.S.-listed shares reversed early weakness and rallied strongly after investors focused on the company’s cloud and AI momentum rather than the headline revenue miss. The latest available market quote shows Alibaba (BABA) at $145.81, up $11.07, or 8.21%, after opening at $130.74. The stock traded between $129.21 and $147.65, with volume above 40.2 million shares.

Alibaba reported quarterly revenue of 243.4 billion yuan, up 3% year over year but below the 247.1 billion yuan consensus estimate. Excluding divested businesses Sun Art and Intime, revenue grew 11% on a like-for-like basis. The strongest part of the report was cloud and AI: Cloud Intelligence Group revenue jumped 38% to 41.6 billion yuan, while external customer growth accelerated to 40%. AI-related product revenue reached 8.97 billion yuan, marking the 11th consecutive quarter of triple-digit year-on-year growth.

The main weakness was profitability. Alibaba’s adjusted earnings per ADS missed estimates, while group adjusted EBITA fell 84% year over year to 5.1 billion yuan, pressured by aggressive investment in AI infrastructure, cloud capacity, and quick commerce. CEO Eddie Wu said growth and market share remain the priority over near-term profitability, and Alibaba said it will exceed its planned 380 billion yuan three-year AI investment commitment.

Alibaba also approved an annual cash dividend of $0.13125 per ordinary share, or $1.05 per ADS, payable to shareholders of record as of June 11. The dividend provides some shareholder-return support, but the stock’s main driver remains the market’s confidence in AI monetization and cloud growth.

Possible Market Effect:

The signal for BABA is Buy, supported by strong AI revenue, accelerating cloud growth, and management’s commitment to scale AI investment beyond the original 380 billion yuan plan. However, the risk is margin pressure: if investors become more concerned about the 84% EBITA decline and heavy capex, the stock could face renewed volatility. A sustained move above $147–$148 would confirm stronger momentum, while failure to hold above $140 could signal profit-taking.

Q&A

What is the updated Alibaba stock price?

Alibaba’s latest available U.S. price is $145.81, up 8.21%, with an intraday high of $147.65.

Did Alibaba beat revenue expectations?

No. Revenue rose 3% to 243.4 billion yuan, but missed the 247.1 billion yuan consensus estimate.

Why did Alibaba shares rise despite the revenue miss?

Investors focused on the 38% jump in cloud revenue, 8.97 billion yuan in AI-related product revenue, and management’s plan to exceed its 380 billion yuan AI investment target.

Source: Alibaba, Reuters, AP, Investing.com, market data