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Home/News/Alibaba jumps as it strikes bullish tone on AI inv...

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Alibaba jumps as it strikes bullish tone on AI investments, even as profit plunges

CNBCMay 13, 2026Source ↗

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

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Update: Market Chatter: Meta Staff Start Internal Protest Against Mouse-Tracking Technology

YahooMay 13, 2026

(Updates to include response from a Meta spokesperson in the fourth paragraph.) Meta (META) emplo

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Canaccord Raises C3.ai Price Target as Tom Siebel Returns to the CEO Seat

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Shares of C3.ai (NYSE:AI) caught a modest vote of confidence from Canaccord Genuity on May 13, as the firm raised its price target to $8 from $7 while keeping a Hold rating. The revision follows the release of preliminary Q4 FY2026 results and the announcement that Chairman Tom Siebel will resume his role as chief ... Canaccord Raises C3.ai Price Target as Tom Siebel Returns to the CEO Seat

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The company is working on space-based interceptors for Trump's $185 billion Golden Dome defense system

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Alibaba jumps as it strikes bullish tone on AI investments, even as profit plunges | ZivFin News | ZivFin