Alibaba Unveils Zhenwu V900 AI Chip, Expands Qwen and Global Cloud Push

โดย Zacks Investment Research·CNTRFI·Read original
Summary · why it matters

Alibaba is expanding across the AI stack, from its Qwen models and proprietary chips to cloud infrastructure and overseas markets, as it prepares for a larger role in the global AI race. The company is already working on Qwen 4, while future versions like Qwen 5 are designed to scale up to 10 trillion parameters, and the Qwen 3.8-Max model has gone through 33 rounds of recursive self-improvement. Alibaba unveiled its Zhenwu V900 accelerator, calling it China's most powerful AI accelerator, with commercial use expected in 2027. Alibaba Cloud is expanding internationally with new data centers planned in Turkey, Finland and the Netherlands, plus added capacity in Malaysia, Germany, the UAE, France and Hong Kong, building on its current 107 availability zones across 31 regions. According to Gartner, BABA was the world's fourth-largest cloud IaaS provider by revenues in 2025, behind Amazon, Microsoft and Google, and the largest in Asia-Pacific with a 22.5% regional market share, while AI-related products have maintained triple-digit year-over-year growth for 12 straight quarters and now account for more than one-third of Alibaba Cloud's external revenues. Alibaba is working through a RMB380 billion, three-year investment plan, with about RMB190 billion spent by the June quarter, and the Zacks Consensus Estimate for BABA's fiscal 2027 and 2028 EPS implies year-over-year growth of roughly 67% and 40%, respectively, though the stock remains a Zacks Rank #3 (Hold).

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