Alibaba's profits plummet 67%


Why? Massive AI investments. Cloud business grows slower

Breaking it down:
First level: Alibaba is all-in on AI. It's an investment, which means losses
Second level: Slower cloud growth indicates Chinese enterprises' cloud adoption growth has peaked
Third level: Actually bullish for US AI stocks—competitors are burning cash to catch up, proving NVDA's moat is even deeper

I don't care if Alibaba's stock falls or rises.
What I care about is: Chinese AI companies collectively burning cash → chip demand surges → NVDA benefits. People who understand the supply chain make money. People fixated on stock prices get harvested.
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