Alibaba is reportedly planning an Initial Public Offering (IPO) for its crucial AI chipmaking unit, T-Head, a strategic move that caused the stock to surge over 5% in pre-market trading.
- The potential IPO is designed to unlock value from the company's advanced semiconductor research.
- The T-Head unit is considered key to Alibaba's broader Cloud and AI ambitions.
- The stock traded up +5.07% in pre-market trading following the news, reaching $177.22.