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Alibaba (BABA) shares are getting a lift higher in Thursday's pre-market trading after the Chinese e-commerce giant beat top and bottom line estimates for its fiscal third quarter, CFO Toby Xu attributing the strong results to "robust" AI momentum.

The Morning Brief's Seana Smith and Brad Smith report more on Alibaba's earnings release and its cloud segment's performance.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.