Natascha Willans says Alibaba (BABA) posted beats in all the areas it needed through earnings. She explains the "transformational effort" to A.I. and cloud from its ecommerce business. Frances Stacy is more wary on the report due to Alibaba doubling down on costs as the A.I. spending story falls out of favor. Due to the company's A.I. shift, she adds that macro factors will heavily weigh on Alibaba in the future.