Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Alibaba launches AI chip just before Nvidia's key earnings, intensifying AI processor competition.

Market News
20 May 2026
Proactive Investors
View Source
Neutral
pluang ai news

Alibaba unveiled its new AI chip, the Zhenwu M890, hours before Nvidia's highly anticipated quarterly results, highlighting growing competition in AI processors. The chip offers three times the performance of its predecessor and targets AI software agents. Alibaba plans further advancements with chips in 2027 and 2028, aiming for threefold performance gains each generation. Meanwhile, Nvidia faces rising competition from both Chinese and Western companies, including Cerebras, AMD, Amazon, and Google, though Nvidia remains dominant for now.

More News (NVDA)

Nvidia opens new AI research lab in Singapore to boost embodied AI and robotics innovation

Nvidia opens new AI research lab in Singapore to boost embodied AI and robotics innovation

Nvidia has launched its first research center in Singapore, focusing on embodied AI and improving AI infrastructure efficiency. This move aligns with Singapore's strategy to become a regional hub for AI development, especially in robotics, autonomous...

Market News
Bullish
7 hours ago
Investor shifts from AI tech momentum to cautious hold amid market volatility.

Investor shifts from AI tech momentum to cautious hold amid market volatility.

An investor who heavily favored tech stocks tied to AI growth since April is now stepping back from the momentum trade, citing signs of profit-taking and a narrow market rally. They plan to hold some cash and focus on higher-quality stocks after the ...

Market News
Neutral
13 hours ago
Nvidia's Physical AI drives $6B revenue, reshaping blue-collar jobs and boosting AI hardware investment.

Nvidia's Physical AI drives $6B revenue, reshaping blue-collar jobs and boosting AI hardware investment.

Nvidia's Physical AI segment has surpassed $6 billion in annual revenue, enabling AI to automate real-world tasks beyond software. This technology is starting to impact blue-collar jobs, especially those in structured, indoor environments like wareho...

Market News
Bullish
14 hours ago
Global X Data Center ETF offers AI exposure via data centers, semiconductors, and IT infrastructure amid rising demand.

Global X Data Center ETF offers AI exposure via data centers, semiconductors, and IT infrastructure amid rising demand.

The Global X Data Center & Digital Infrastructure ETF (DTCR) provides investors focused exposure to the growing AI theme by investing in data center and tower REITs, semiconductor manufacturers, and IT infrastructure companies. Increased capital spen...

Market News
Bullish
15 hours ago
Bank of America highlights key investor focus areas ahead of Nvidia's Q1 earnings report.

Bank of America highlights key investor focus areas ahead of Nvidia's Q1 earnings report.

Nvidia is set to report its first-quarter results, with Bank of America identifying five key areas for investors: enhanced cash returns, timing of the Vera Rubin architecture ramp in late 2026, gross margin sustainability around 75% amid cost inflati...

Company Fundamentals
Bullish
15 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App