Alibaba's stock rose 4% following the launch of its Zhenwu V900 AI chip, which claims to triple the performance of its previous chip and aims to fill the void left by NVIDIA due to U.S. export restrictions in China. The chip, designed by Alibaba's semiconductor arm T-Head, is set for mass production in early 2027. This move highlights Alibaba's vertical integration of AI models and hardware, positioning it uniquely in China's domestic market. Baidu, a key competitor, showed little stock movement, indicating the market views this as a company-specific win rather than a sector-wide shift. Investors should watch for independent benchmarks and customer adoption as the chip approaches commercial release.
As of Sep 22, 2026 21:02 WIB, Alibaba (BABA) trades at USD 118.54, recovering from its 52-week low of USD 94.83 but still below its 52-week high of USD 189.34, with a 1-day gain of 2.40% on Pluang. In contrast, Baidu (BIDU) remains closer to its 52-week low at USD 92.71, far from its 52-week high of USD 162.52, and shows a modest 0.54% increase on the day. This price action highlights Alibaba's stronger market momentum following the chip announcement, while Baidu's stock sees limited buying interest, reflected in 93% sell orders on Pluang.
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