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Alibaba Group Holding Ltd. is accelerating its data center expansion in Europe and the Middle East, propelling its 20-gigawatt global infrastructure buildout during China’s escalating competition in AI chips and models with the US.
On this episode of Stock Movers: - Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China's most powerful AI chip and announced plans to expand data center capacity in the coming years. - ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football. - Viking Therapeutics (VKTX) shares surged after the biotech released data from its VK2735-102 maintenance study showing VK2735, its experimental obesity drug, maintained up to 97% of weight loss versus 61% for placebo when subjects switched to every-other-week dosing. Leerink analysts said the "stellar" data strengthens the drug's competitive profile.
Alibaba Group Holding is rolling out what it calls China's most powerful AI chip, an accelerator to compete with Nvidia. Ed Ludlow reports on "Bloomberg Open Interest."
US stock futures were little changed on Tuesday following a rally in technology shares during the previous session. Investors were monitoring President Donald Trump’s upcoming address to the United Nations, comments from a Federal Reserve official on interest rates and the launch of a new artificial intelligence chip by Alibaba.
Alibaba has rolled out its most powerful chip yet, doubling down on its bid to control the software and hardware that power its artificial-intelligence ambitions.
Alibaba has rolled out its most powerful chip yet, doubling down on its bid to control the software and hardware that power its artificial-intelligence ambitions.
Tencent Holdings Ltd. launched its latest and best image-generation model on the same day as rival Alibaba Group Holding Ltd. kicked off its AI conference, signaling intent to catch up to industry leaders like ByteDance Ltd.
BEIJING, Sept 22 (Reuters) - Alibaba Group plans to train a new artificial intelligence model with 5 trillion to 10 trillion parameters, Chief Executive Eddie Wu said on Tuesday, as the Chinese
Alibaba Group Holding Ltd. is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia Corp. and underpin a massive expansion of data center capacity in coming years.
The US government’s increased reliance on a Pentagon blacklist to target China’s biggest companies threatens to cast a pall over President Donald Trump’s summit this week with his Chinese counterpart, Xi Jinping.
By Laurie Chen and Eduardo Baptista BEIJING, Sept 4 (Reuters) - President Xi Jinping is preparing a large business delegation to accompany him on his visit to Washington, two sources said, an unusual
Baidu Inc.’s finance chief said the company’s investment in AI could soon generate profits and cash payback on par with those of its legacy search business, justifying a hard-fought transition from its internet roots.
The memory-chip maker has ridden the AI boom to become China’s most valuable company by total market cap.
The results snapped a three-quarter streak of losses for the Chinese shopping-and-delivery platform.
Cloud revenue surged 45% as AI infrastructure investments weighed on profitability.
The new AI model that’s swept to the top of online usage charts with high performance at zero cost was created by China’s Z.AI Co., also known as Zhipu.
Alibaba Group Holding Ltd.'s efforts to revive sentiment after its $10 billion share placement has failed to dispel investor concerns over how it chose to finance its AI ambition.
STOCKS 0011 GMT — Japanese stocks are lower after U.S. technology shares fell overnight. Chip and other electronics stocks lead declines. Kioxia Holdings falls 2.8%, Advantest is 3.6% lower and Panasonic Holdings is down 4.
Xpeng stock sank today on disappointing earnings and guidance. But robotics business news makes XPEV shares worth buying on the dip.
Market Catalysts Host Jared Blikre uses Yahoo Finance's AlphaSpace platform to take a closer look at Alibaba's (BABA, 9988.HK) stock moves as it issues new shares, how Cleveland-Cliffs (CLF) and other steel companies are reacting to a potential US-Canada trade war, and Wells Fargo's downgrade on Canada Goose (GOOS).
The Dow Jones Industrial Average opened higher today, with the S&P 500 opening lower. The Nasdaq opened down after Asian tech stocks tumbled earlier. Alibaba, Samsung and Softbank all retreated in Monday trading.
Investing.com -- S&P 500 and Nasdaq futures fell Monday as investors braced for a heavy week featuring potential new U.S. sanctions on Iran, Federal Reserve Chair Kevin Warsh’s Jackson Hole address, and quarterly results from Nvidia.
The AI spending boom is outrunning Wall Street estimates, Trump considers changing capital-gains taxes, China’s property crisis isn’t over, and more news to start your day.