HK Stock Market Move | BABA-W(09988) rose more than 5% in the afternoon as the Damo Academy released the new flagship CPU product Xuan Tie C950.

BABA-W (09988) rose more than 5% in the afternoon. As of the time of writing, it rose 3.81% to 127.9 Hong Kong dollars, with a turnover of 11.461 billion Hong Kong dollars. On the news front, Alibaba Dharma Institute has released the next-generation flagship CPU product, Xuan Iron C950: using the open-source RISC-V architecture, the single-core general performance has exceeded 70 points in the SPECint2006 benchmark test, setting a new global record for RISC-V CPU performance. It is suitable for cloud computing, generative AI, high-end Siasun Robot & Automation, edge computing, and other areas, with performance reaching industry-leading levels. It is worth noting that the State Administration for Market Regulation of China today forwarded an article from the Economic Daily titled "The Takeout War Should End." JP Morgan recently stated that Alibaba is simultaneously establishing a scale in AI infrastructure, model services, applications, and e-commerce distribution. If the company can maintain accelerated cloud business growth, more prominent AI monetization, and demonstrate a credible path to improving the economic benefits of its instant business units, the market will be more willing to value Alibaba beyond the core e-commerce profitability framework.