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Alibaba Stock Surges 9% in Pre-Market on Nvidia AI Partnership
Alibaba Stock Surges 9% in Pre-Market on Nvidia AI Partnership
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BTCCSquare news:
Alibaba Group Holding Limited (BABA) shares jumped 9% in pre-market trading following the announcement of a strategic AI partnership with Nvidia. The collaboration, focused on integrating Nvidia's GPU technology into Alibaba's cloud and AI infrastructure, signals aggressive expansion into physical AI applications including robotics and industrial automation.
The surge to $178.01 reverses a 0.71% decline at the previous close. CEO Eddie Wu positioned the deal as part of Alibaba's $53 billion global AI investment push, with particular emphasis on data center expansion and hardware-software integration. Market reaction suggests strong investor confidence in the synergy between Alibaba's scale and Nvidia's technological leadership.
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