Ed

Still, the company reported a 7% year-over-year revenue increase, with cloud revenue climbing 18%. Despite the growth, shares fell around 5% in pre-market trading. So, Scott, let's start with Alibaba. You predicted the company would beat and that the shares would pop. That did not happen. It was, in fact, a miss on the top and bottom. Shares dropped around 5%.

I think it's worth asking the question, how bad was this miss? And the answer is not really bad at all. They barely missed on revenue. Net income was a miss, but it was mostly an accounting issue because they got rid of some of their subsidiaries and they had to account for those losses in this quarter. But I think the thing that Wall Street really didn't like...

I think it's worth asking the question, how bad was this miss? And the answer is not really bad at all. They barely missed on revenue. Net income was a miss, but it was mostly an accounting issue because they got rid of some of their subsidiaries and they had to account for those losses in this quarter. But I think the thing that Wall Street really didn't like...

I think it's worth asking the question, how bad was this miss? And the answer is not really bad at all. They barely missed on revenue. Net income was a miss, but it was mostly an accounting issue because they got rid of some of their subsidiaries and they had to account for those losses in this quarter. But I think the thing that Wall Street really didn't like...

I think Wall Street, like you, believes that this company is now kind of an AI company. Similar to Amazon, similar to Google, they're mostly excited about the cloud unit and they're mostly excited about the AI prospects. And that's why they expected, as you did, that the company would beat expectations. They wanted to see the AI business come in and just...

I think Wall Street, like you, believes that this company is now kind of an AI company. Similar to Amazon, similar to Google, they're mostly excited about the cloud unit and they're mostly excited about the AI prospects. And that's why they expected, as you did, that the company would beat expectations. They wanted to see the AI business come in and just...

I think Wall Street, like you, believes that this company is now kind of an AI company. Similar to Amazon, similar to Google, they're mostly excited about the cloud unit and they're mostly excited about the AI prospects. And that's why they expected, as you did, that the company would beat expectations. They wanted to see the AI business come in and just...

pleasantly surprise us give us something really great that exceeded expectations that's not what happened it was strong but not crazy strong cloud revenue up 18 now i'll give you a chance to respond to the earnings but i just want to tell you what i think you missed with this prediction

pleasantly surprise us give us something really great that exceeded expectations that's not what happened it was strong but not crazy strong cloud revenue up 18 now i'll give you a chance to respond to the earnings but i just want to tell you what i think you missed with this prediction

pleasantly surprise us give us something really great that exceeded expectations that's not what happened it was strong but not crazy strong cloud revenue up 18 now i'll give you a chance to respond to the earnings but i just want to tell you what i think you missed with this prediction

You know, all the global shifts we've been discussing, the turning of foreign nations away from America towards China, increased trade partnerships with China, the turbo boosting of AI self-sufficiency in China, which Xi Jinping's been talking about, you know, the AI chip investments from Huawei and all these other Chinese companies, all of that is so recent.

You know, all the global shifts we've been discussing, the turning of foreign nations away from America towards China, increased trade partnerships with China, the turbo boosting of AI self-sufficiency in China, which Xi Jinping's been talking about, you know, the AI chip investments from Huawei and all these other Chinese companies, all of that is so recent.

You know, all the global shifts we've been discussing, the turning of foreign nations away from America towards China, increased trade partnerships with China, the turbo boosting of AI self-sufficiency in China, which Xi Jinping's been talking about, you know, the AI chip investments from Huawei and all these other Chinese companies, all of that is so recent.

And if all of that is happening, I just don't think you would have seen it in this earnings report. I think if it's happening, you're gonna see it in the next report, i.e. the current quarter. And even then, you'll only start to see the beginning of it. And if it's all happening, I think really, if it's gonna be really fully and truly reflected, it would probably be the report after that.

And if all of that is happening, I just don't think you would have seen it in this earnings report. I think if it's happening, you're gonna see it in the next report, i.e. the current quarter. And even then, you'll only start to see the beginning of it. And if it's all happening, I think really, if it's gonna be really fully and truly reflected, it would probably be the report after that.

And if all of that is happening, I just don't think you would have seen it in this earnings report. I think if it's happening, you're gonna see it in the next report, i.e. the current quarter. And even then, you'll only start to see the beginning of it. And if it's all happening, I think really, if it's gonna be really fully and truly reflected, it would probably be the report after that.

And so what I would argue is that your prediction here was directionally correct, but I think the timing was wrong. And I think if you were to make the prediction again for fiscal Q1, this next quarter, I would back that because I do believe we are about to see a transformation in AI in China. And I do believe that will ultimately benefit Alibaba. But for now, I think it's too early.

And so what I would argue is that your prediction here was directionally correct, but I think the timing was wrong. And I think if you were to make the prediction again for fiscal Q1, this next quarter, I would back that because I do believe we are about to see a transformation in AI in China. And I do believe that will ultimately benefit Alibaba. But for now, I think it's too early.

And so what I would argue is that your prediction here was directionally correct, but I think the timing was wrong. And I think if you were to make the prediction again for fiscal Q1, this next quarter, I would back that because I do believe we are about to see a transformation in AI in China. And I do believe that will ultimately benefit Alibaba. But for now, I think it's too early.

Yes, but those AI-related numbers, they don't actually break out what the number actually is. So I'm always a little bit, eh, when they say AI-related growth, and it's definitely coming off a very small base. So I think what we should really be looking at is just cloud revenue, which is up 18%, and that's good. But I think it tells more of the story.