) are slipping after the company posted an 86% loss in its fourth quarter profits year-over-year. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to discuss Alibaba 's earnings and what it may signal about the state of the consumer.
So uh let's just talk Alibaba there, Angelo because they report investors clearly disappointed that stock got hit today, finished down about 6%.So, you know, as far as the results were concerned, I think, you know, part of the reason we sold off was we kind of ran into the numbers a little bit. But that said um when you kind of look at the the the growth of that business segment only growing about 4% year over year.
But um the fact that you are kind of, you know, shifting your primary listing out there also, I think kind of, you know, if something were to happen, um you know, from their US listing here, um you know, allows them to continue to have that um listing, you know, overseas Angela.
But um as far as this quarter is concerned, you know, we've definitely seen some improvement from the China consumer out there, Angela, I wanna switch gears because today uh Google holding its IO conference, right, introducing some new A I powered search capabilities as well as Gemini capabilities.
So, um and then, you know, we, we also saw a number of improvements on the android side of things um that they could potentially launch here um as the year. I'm just curious, Angelo, you know, we, we also just heard from uh you know, Sam Altman and his team at open A I uh um, if and when open A I launches their own search product, Angelo, and that's been reported on, um, what kind of competitive risk do you think that poses to Google's bread and butter search business?I mean, we, we did write a note about it yesterday and, you know, it, it's kind of wait and see and we kinda have to see exactly what they roll out with and, and how...
Source: News Formal (newsformal.com)
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »