Options Market Statistics: Alibaba Stock Jumps on Bullish Fiscal Q1 Results, Options Pop

Alibaba reported first-quarter FY23 revenue growth of 14% year-on-year to $32.29 billion, beating the consensus of $31.20 billion. Non-GAAP earnings per ADS of $2.40 beat the consensus of $2.02.

After experiencing turbulent adjustments and changes, Alibaba Cloud, which briefly stalled in growth last year, has once again returned to an era of high profit growth. In response, Zhang Yong, chairman of the board of directors and CEO of Alibaba Group and chairman and CEO of Alibaba Cloud Intelligence Group, said that due to the model training and reasoning scenarios brought about by the development of next-generation artificial intelligence, demand for AI cloud services is very strong, but due to the shortage of GPUs in the Chinese market in the short term, such demand has only been partially satisfied, and the incremental opportunities brought about by AI-related services have just begun to be unleashed.

Take the current talks between the traditional Big Three Detroit vehicle manufacturers and the United Auto Workers. The union's demands could raise costs by a cumulative $80 billion over the life of the contract, which would run from September through September 2027.

That is a big number, but investors should remember that the auto business is huge. Ford Motor, General Motors, and Chrysler's parent Stellantis generated 2022 sales of almost $500 billion. They had a combined operating profit of almost $50 billion from selling more than 13 million cars.