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Alibaba unveils new AI chip based on RISC-V, challenging Arm in the AI agent race.

Market News
05 Apr 2026
24/7 Wall Street
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Neutral
pluang ai news

Alibaba has introduced its XuanTie C950 AI CPU, built on the RISC-V architecture, positioning itself as a strong contender in the emerging agentic AI market. Despite a significant stock price decline amid broader tech sell-offs, Alibaba's forward price-to-earnings ratio suggests growing value for investors looking beyond U.S. tech giants. The company's focus on AI agents and solo entrepreneurs in China highlights a unique growth opportunity in the AI sector. The success of RISC-V versus Arm in this space remains uncertain, but Alibaba's innovation could reshape the AI hardware landscape.

More News (BABA)

Apple Intelligence AI approved for launch in China with Alibaba's Qwen integration

Apple Intelligence AI approved for launch in China with Alibaba's Qwen integration

China's regulator has approved Apple Intelligence, Apple's generative AI service, for launch in China through a partnership integrating Alibaba's Qwen AI model into Apple’s operating systems. This collaboration enables AI features like text and image...

Market News
Bullish
23 hours ago
Alibaba's Qwen AI model to be integrated into Apple services in China, boosting shares 4% premarket.

Alibaba's Qwen AI model to be integrated into Apple services in China, boosting shares 4% premarket.

Alibaba confirmed that its Qwen AI model will be integrated into Apple's iOS, iPadOS, macOS, and visionOS services for users in China, leading to a 4% rise in its U.S.-listed shares in premarket trading. This integration allows users to access advanc...

Market News
Bullish
1 day ago
Pomerantz LLP investigates Alibaba over alleged securities fraud and illegal pharmaceutical sales.

Pomerantz LLP investigates Alibaba over alleged securities fraud and illegal pharmaceutical sales.

Pomerantz LLP is investigating Alibaba Group for potential securities fraud and unlawful business practices following reports that Alibaba illicitly accessed AI technology and failed to prevent illegal pharmaceutical sales on its platform. These alle...

Market News
Bearish
1 day ago
Leveraged ETFs on Alibaba, Meta, Broadcom, and Nvidia surged 17-35% last week amid strong earnings and AI growth.

Leveraged ETFs on Alibaba, Meta, Broadcom, and Nvidia surged 17-35% last week amid strong earnings and AI growth.

Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...

Market News
Bullish
1 day ago
Baird's international and global growth funds underperform MSCI benchmarks in Q2 2026.

Baird's international and global growth funds underperform MSCI benchmarks in Q2 2026.

In Q2 2026, Baird's Chautauqua International Growth Fund returned +10.39%, trailing the MSCI ACWI ex-U.S. Index's +14.49%. Key detractors included Alibaba and Lululemon, while Recruit and ASML contributed positively. The Global Growth Fund also lagge...

Market News
Neutral
2 days ago
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