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Alibaba Announces Cloud Unit Spinoff, Plus An AI-Washing Warning 5/18/23

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Alibaba's Plan to Spin Off Its Cloud Division

Alibaba announced plans to spin off its cloud division as its own publicly traded company. The stock has gone nowhere since it was announced, underperforming the broader markets and completely sitting out of the big tech rally. What else is going on? There's Dynatrace, a target price increase that could be used for an AI acquisition.

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