Alibaba ( (BABA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Alibaba is stepping up its technology push on several fronts, a strategy that is drawing fresh investor interest to the stock. The company has unveiled a new in-house AI processor, the Zhenwu 810E, developed by its T-Head semiconductor arm. Aimed at performance levels closer to Nvidia’s A800 and A100 data-center chips, the move signals Alibaba’s effort to reduce reliance on foreign suppliers and better tailor hardware to its own AI models and fast-growing cloud business. At the same time, Chinese regulators have approved Alibaba and a handful of peers to buy Nvidia’s more advanced H200 chips under certain conditions, giving the company access to top-tier AI hardware even as Beijing pushes domestic alternatives.
Parallel to its chip ambitions, Alibaba is expanding deeper into automation and logistics. Its Cainiao logistics unit plans to merge its autonomous-driving arm with robovan maker Zelos Technology in a deal valuing the combined entity at about $2 billion and creating Cainiao Robovan, which will oversee a fleet of over 20,000 delivery robots. On the software side, Alibaba Cloud introduced a new reasoning-focused AI model, Qwen3-Max-Thinking, which the company says matches leading models from Google, OpenAI, and Anthropic on multiple benchmarks and has helped drive cloud revenue growth of roughly 34% year over year. With Alibaba Cloud emerging as a key growth engine and BABA shares already up nearly 90% over the past year, Wall Street remains upbeat: all 14 analysts tracked by TipRanks rate the stock a Strong Buy, with an average price target implying further upside ahead.