BABA is trading at $130.50 (-3.2%) after reporting Q4 revenue that fell short of analyst expectations despite a surge in net income.
- Revenue reached 243.4 billion yuan, missing the 246.5 billion yuan estimate as heavy AI spending pressured growth margins.
- Net income nearly doubled to 25.5 billion yuan, though the gain was primarily attributed to investment valuations rather than core operations.
- The move extends a recent downtrend from the $134-$137 range and comes amid mixed sentiment in pre-market futures.