🟢 Alibaba Group is trading 3.6% up today as Moonshot AI secures Nvidia chips via its cloud

Alibaba Group is trading 3.6% up at $120.55 after news that Moonshot AI secured access to approximately 20,000 Nvidia chips through Alibaba’s cloud infrastructure.

• The partnership reinforces Alibaba's pivotal role in China’s AI ecosystem by providing critical computing power to emerging AI leaders.
• Investor sentiment is further supported by a broader rally in technology stocks following upbeat AI-driven earnings from major U.S. tech companies.