Alibaba CEO's $53.5B AI bet just paid off - shares surge 91% while crushing Nvidia
Key Points
- Alibaba's partnership with China Unicom and their homemade c...
Alibaba just proved that sometimes the best revenge is served with homemade silicon. Yesterday's announcement of their partnership with China Unicom sent shares rocketing 5.3% to their highest point since 2021, because nothing says "we don't need your chips" quite like making your own.
When Life Gives You Export Restrictions, Make AI Accelerators
The e-commerce giant's Pingtouge (yes, that translates to "Flathead" - apparently even AI chips need quirky nicknames) will power China Unicom's shiny new data center. This isn't just about bragging rights though. With U.S. export restrictions ma...
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