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Why did Alibaba’s stock “open high and fall” after its earnings report? Goldman Sachs: AI and cloud business exceeded expectations, but comments about “short-term volatility” during the conference call increased concerns about e-commerce.

Why did Alibaba’s stock “open high and fall” after its earnings report? Goldman Sachs: AI and cloud business exceeded expectations, but comments about “short-term volatility” during the conference call increased concerns about e-commerce.

November 25th, Alibaba released its latest financial report, delivering better-than-expected results in cloud business growth and AI capital expenditure, which once pushed its stock price up 4% in U.S. pre-market trading. However, market optimism did not last. After the earnings call, the stock price reversed and ultimately closed down
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