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BABA-W's Eddie Wu: Global AI Supply Chain Uncertainty Exists, But Customer Demand Continues to Grow
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Eddie Wu, CEO of BABA-W (09988.HK) (BABA.US), revealed during an earnings call that revenue from AI-related products has achieved triple-digit YoY growth for seven consecutive quarters, and Alibaba Cloud's revenue for the entire fiscal year also surpassed double-digit growth. Driven by AI, Wu estimated the revenue growth of Alibaba Cloud's business to continue accelerating in the future. Although there is uncertainty in the global AI supply chain for the time being, he emphasized that the outlook for customer demand growth is clear, and growing customer demand for cloud and AI is expected not to change due to short-term supply chain fluctuations. AAStocks Financial News |
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