News

(Bloomberg) -- DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Perm

Nvidia stock hit a new high as AI demand rises, but overbought signals and China risks could shape its next move.

Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks That Are About to Explode. On May 15, Susquehanna increased its price target on Alibaba Group Holding Limited (NYSE:BABA) from $170 to $185 while maintaining a Positive rating on the stock. The research firm said that Alibaba Group Holding Limited (NYSE:BABA) has seen […]

Alibaba Group Holding (NYSE:BABA) announced a new AI chip, the Zhenwu M890, as part of its domestic semiconductor roadmap. The company is focusing on AI hardware autonomy in China as U.S. export restrictions affect access to foreign chips. Alibaba also outlined ongoing chip development plans and expansion of its semiconductor subsidiary to support future AI infrastructure. Alibaba is best known for its e commerce platforms and cloud services, and AI hardware is becoming a more important...

Alibaba has unveiled its latest Zhenwu M890 AI chip and next-gen LLM model Qwen 3.7-Max.

Asian equities traded in the US as American depositary receipts were trending lower Thursday morning

Apple is lowering iPhone prices in China as competition in the country's smartphone market heats up.

Apple Inc. (NASDAQ:AAPL) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 8, Wedbush analysts raised their price target of Apple Inc. (NASDAQ:AAPL) stock to $400 from $350, impressed by the company’s entry into the artificial intelligence revolution. According to the research firm, Apple’s position in the artificial intelligence space […]

NVIDIA Corporation (NASDAQ:NVDA) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 14, Reuters reported that the US has cleared 10 Chinese companies to purchase NVIDIA Corporation (NASDAQ:NVDA)’s second-most-powerful AI chip, the H200. However, the report indicates that no deliveries have been made so far, leaving the deal in limbo. […]

277 pages SpaceX’s filing comes in at that eye-popping length before notes and exhibits. IPO prospectuses for aspiring public companies typically top out around 200 pages. They include descriptions of the business and audited financial statements, as well as boilerplate legal language about the risks of investing in a company’s shares.

We just covered the Michael Burry Stock Portfolio: Top 8 Stock Picks in 2026 and JD.com, Inc. (NASDAQ:JD) ranks 7th on this list. Last month, Burry told his subscribers on Substack that he viewed the recent weakness in JD.com, Inc. (NASDAQ:JD) stock as an attractive entry point. JD has slipped nearly 5% in the past […]

We just covered the Michael Burry Stock Portfolio: Top 8 Stock Picks in 2026 and Alibaba Group Holding Limited (NYSE:BABA) ranks 5th on this list. In early April, Michael Burry revealed to his followers on Substack that he had bought shares in Alibaba Group Holding Limited (NYSE:BABA), Burry said, ““I bought shares in JD.com and […]

Beijing blocks another Nvidia chip as it pushes to invest in domestic chipmakers

The new Zhenwu M890 targets training, inferencing, and agentic AI workloads as Alibaba expands its full-stack AI strategy.

The Zhenwu M890 delivers three times the performance of Alibaba's prior chip.

Tech giant Alibaba released on Wednesday a new artificial intelligence chip it said performed three times as well as its predecessor, showcasing growing domestic chipmaker prowess as US titan Nvidia struggles for access to China.Alibaba said its new chip, Zhenwu M890, can deliver three times the performance of its predecessor Zhenwu 810E, which is widely believed to match the capabilities of Nvidia's H20. 

Shareholders appeared unconcerned with Alibaba Group Holding Limited's ( NYSE:BABA ) lackluster earnings report last...

Alibaba Group Holding Limited (NYSE:BABA) on Wednesday introduced a new artificial intelligence chip, the Zhenwu M890, as the company accelerates efforts to develop Chinese-made alternatives to processors supplied by NVIDIA Corporation amid tighter U. S.

Russia hopes to power its flagship GigaChat AI model ‌with Chinese-made chips, Sberbank's CEO said ‌during President Vladimir Putin's visit to China, as Western ​sanctions continue to block the country's access to advanced hardware abroad. "We are hoping that we will be able to use Chinese ‌microchips for GigaChat," ⁠Chief Executive German Gref told state broadcaster Channel One. GigaChat was developed by ⁠Sberbank, the country's largest lender, which has been driving Russia's push into AI.

David Tepper ranks among the richest hedge fund managers in the world. Alibaba Group Holding Limited (NYSE:BABA) is David Tepper’s largest holding, accounting for 10.88% of the billionaire’s total portfolio. On May 14, Benchmark reaffirmed its Buy rating on Alibaba Group Holding Limited (NYSE:BABA) and set a $220 price target on the company’s shares. The […]

Chinese tech giant unveils domestically built processor hours before the US chipmaker's hotly anticipated results Whether by coincidence or design, Alibaba chose to unveil its latest artificial intelligence chip just hours before Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), the dominant force in AI...

Alibaba Group on Wednesday unveiled a new AI chip, the Zhenwu M890, as the Chinese technology giant intensifies efforts to build domestic alternatives to ‌Nvidia processors amid tightening U.S. export curbs. The chip, developed by Alibaba's semiconductor design subsidiary ‌T-Head, delivers three times the performance of its predecessor, Zhenwu 810E. Alibaba said the new processor is well-suited to handle the heavy memory and communication demands of agent workloads, where models must retain long stretches of context and coordinate with one another in real time.

Alibaba has unveiled a new artificial-intelligence chip as well as an update of its AI model, as the Chinese company aggressively pursues its AI ambitions on multiple fronts. Alibaba also released an update of its large language model, called Qwen3.7-Max, which is engineered for more advanced agent coding and complex reasoning. Alibaba’s management said in a recent earnings call that scaling up the deployment of its in-house chips represent “the highest value for money compute power,” which will improve Alibaba Cloud’s margins.

The artificial intelligence revolution has made Nvidia (NVDA) one of the most valuable firms in the world. But for its chief executive, Jensen Huang, the next phase of growth may hinge on something outside the company’s control: whether Washington and Beijing can agree on the rules of the AI chip ...

ACM Research is moving beyond wafer-cleaning tools toward a broader role inside chip fabs, putting ACM Shanghai’s economics at the center of how investors should read the Nasdaq-listed shares.

3G Capital dumped Microsoft stock and piled into semiconductor names. Here's what the move says about AI investing right now, and whether MSFT remains a buy.

Asian equities traded in the US as American depositary receipts were tracking modestly lower Tuesday

(Bloomberg) -- Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After

Nvidia Corp is the subject of a short report released Wednesday by Culper Research, which alleges the semiconductor giant faces a significant and undisclosed “China problem.” The report claims that while Nvidia has publicly stated its China compute business dropped...

NVDA stock recently hit record highs, but its upcoming earnings report could be the next major catalyst.