🔴 BABA is trading 3.4% down today amid continued post-earnings sell-off

BABA is trading at $125.46 (-3.4%) as the stock extends its slide following a Q3 earnings miss and broader weakness in the Nasdaq.

• Revenue of 284.8 billion yuan missed estimates of 289.72 billion, while net income plummeted 66.3% due to heavy spending on AI, e-commerce, and quick commerce.
• Despite the 8.1% decline over the past seven days, analysts at Goldman Sachs and Morgan Stanley remain bullish and are reportedly buying the dip.