Alibaba shares jumped 3% in Hong Kong on Tuesday after the company unveiled a new AI chip and plans to sharply increase its global data centre capacity, according to CNBC.
Key facts
- Alibaba shares rose 3% in Hong Kong trading on Tuesday.
- The company unveiled a new AI chip.
- Alibaba announced plans to sharply expand its global data centre capacity.
- The news was reported by CNBC on 22 September 2026.
Alibaba shares rose 3% in Hong Kong on Tuesday after the tech giant unveiled a new AI chip and outlined plans to sharply expand its global data centre capacity, according to CNBC.
CNBC reported that the new chip and the planned data centre buildout were announced during Tuesday’s session.
Further details of the chip’s specifications and the scale of the planned data centre expansion were not provided in the report.
Why it matters
The share move and product announcement point to Alibaba expanding its efforts in AI hardware and cloud computing infrastructure, though the source does not detail the scale or timing of the plans.
Frequently asked questions
How much did Alibaba shares rise?
Alibaba shares jumped 3% in Hong Kong trading on Tuesday, according to CNBC.
What did Alibaba announce?
Alibaba unveiled a new AI chip and plans to sharply expand its global data center capacity, according to CNBC.
Where were Alibaba's shares trading when they rose?
The share gain occurred in Hong Kong trading on Tuesday, as reported by CNBC.