🟢 BABA is trading 3.3% up today on launch of high-performance 5nm AI chip

BABA is trading at $129.61 (+3.3%) following the launch of the XuanTie C950, a high-performance 5nm RISC-V AI chip for data centers that is over 3x faster than its predecessor.

• The hardware debut boosted pre-market trading to $131.29 (+4.6%), reflecting strong investor enthusiasm for Alibaba's latest AI infrastructure.
• Morgan Stanley raised its price target for the stock to $180, citing the significant performance leap offered by the new chip architecture.
• While the broader market is trending higher (S&P 500 up 1.01%), the stock's outperformance is primarily driven by this major technological milestone.