Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position in the growing AI infrastructure market amid rising competition from global tech firms like Nvidia and Meta. The Zhenwu V900 chip will enter mass production in early 2027, supporting industries such as automotive, finance, and manufacturing. Alibaba also revealed ongoing development of advanced AI models, signaling a strong commitment to AI innovation and cloud expansion.
Alibaba shares are trading at USD 117.69 on Pluang as of Sep 22, 2026 12:31 WIB, up 1.67% for the day. This price remains well below its 52-week high of USD 189.34 but above the 52-week low of USD 94.83, indicating room for growth amid its new AI chip and data center expansion plans. The stock's market cap stands at $277.00 billion, with a majority of Pluang investors (66%) buying rather than selling, reflecting positive sentiment around Alibaba's AI innovation efforts.
Shares of Alibaba, PDD, and JD.com rose on Friday, with Alibaba leading a 3% gain amid a broader uptick in Chinese internet stocks despite a weak overall market. This move appears driven by sector rotation rather than company-specific news, as Alibab...
Alibaba's stock fell 18% after missing Q1 earnings expectations, but this selloff is seen as overdone, leading to an upgrade to Strong Buy. The company's AI Cloud revenue surged 45% year-over-year, with expectations to maintain over 40% growth and im...
