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Alibaba Rallies on New AI Chip Design, Sending NVIDIA Stock Lower

Summary by marketbeat.com
Alibaba has entered the AI chipmaking race, responding to NVIDIA pulling out of the market by not selling H20 cihps to China anymore.

8 Articles

According to information spread in Western media, Chinese e-commerce company Alibaba is working on a new AI chip. According to current assumptions, Alibaba's decision is connected with the US government's ban on Nvidia's most powerful Blackwell chips for China in April. The White House ban stems from US national and economic security issues. Despite the ban, Nvidia received permission from the US government to export H20 chips to China. In addit…

The technological world cannot turn its eyes away from what is happening in China. Now, the giant of Asian e-commerce, Alibaba, makes its incorporation into the world of Artificial Intelligence chips and the cloud to compete with other big ones, such as Nvidia, Huawei and Google, among other companies. A few days ago, the Wall Street Journal reported that Alibaba already develops a new chip destined for AI inference tasks, that is, to give resul…

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Techzine Europe broke the news in on Tuesday, September 2, 2025.
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