Alibaba Group said its revenue grew just 2% in the quarter through December, as the Chinese e-commerce giant grappled with the country’s economic woes that were made worse by Beijing’s severe Covid-19 restrictions. Alibaba, whose sprawling business empire includes cloud computing and entertainment, said revenue from its core China commerce operations for consumers in the quarter declined 1%...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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