Day: August 29, 2025
-
Alibaba Stock Surges as Company Develops Rival to Nvidia
Alibaba’s recent stock surge is grabbing headlines, driven by the company’s ambitious move to develop a powerful AI chip meant to rival market leader Nvidia. The announcement comes amid rising global demand for generative AI infrastructure and a race among tech giants to reduce reliance on U.S.-based chipmakers, particularly in the wake of ongoing geopolitical…