Alibaba shares jump as new AI chip, data center buildout plans unveiled

AI Summary

Alibaba shares surged 3% after the company announced the launch of a new AI chip and plans to significantly expand its global data center infrastructure. These moves demonstrate Alibaba's strategic focus on artificial intelligence and data center capacity growth.

Alibaba shares jumped 3% in Hong Kong on Tuesday as the tech giant unveiled a new AI chip and plans to sharply expand its global data center capacity