Alibaba shares rose 0.93% to $177.30 in pre-market trading following the launch of its high-end AI chip, the Zhenwu 810E, and a new deal with Zelos for robot vans.
- The newly launched high-end AI chip, Zhenwu 810E, is deployed in Alibaba Cloud.
- The chip is already utilized by over 400 clients, including major companies like State Grid and XPeng.
- The positive movement was further supported by optimism from Nomura concerning Alibaba's AI trajectory.