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Benzinga
Benzinga
Business
Dylan Berman

DARK SECRETS: What s going on with alibaba shares wednesday - The Real Truth

Alibaba Group Holding Ltd.

Alibaba Group Holding Limited (NYSE:BABA) shares are trading higher Wednesday after reports indicating the company secured China Unicom as a major client for its artificial intelligence (AI) chips.

What To Know: According to Bloomberg, Alibaba has signed a contract with China Unicom — the country's No. 2 wireless carrier — to deploy its "T-Head" or Pingtouge AI accelerators in a new datacenter in northwestern China, alongside chips from MetaX and Biren Technology.

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