According to Zhitong Finance APP, Alibaba-W (09988) has seen its gains expand by over 9%, reaching a high of HKD 174.6, with a cumulative increase of nearly 120% in stock price this year. As of the time of writing, it is up 9.1%, trading at HKD 173.9, with a transaction volume of HKD 34.964 billion.
In terms of news, at the 2025 Alibaba Cloud Summit, Alibaba officially announced a collaboration with NVIDIA on Physical AI. The cooperation covers various aspects of Physical AI practices, including data synthesis processing, model training, environmental simulation reinforcement learning, and model validation testing. Additionally, Alibaba CEO Eddie Wu stated that Alibaba is actively promoting a three-year plan for AI infrastructure construction with an investment of 380 billion, and will continue to add larger investments.
CITIC Construction Investment previously pointed out that the 2025 Cloud Summit will open on September 24, featuring three main forums and three exhibition halls exploring cutting-edge AI directions. Among them, the AI+ Hall will showcase large model and intelligent agent development tools; the Computing Hall will focus on presenting full-stack capabilities from chips to platforms; and the Cutting-edge Applications Hall will display AI implementation practices from hundreds of companies. Based on the 2024 Cloud Summit and recent AI industry dynamics, it is recommended to pay attention to Alibaba's computing chip specifications and capital expenditure plans, the iteration and open-source of the Qianwen model, and the layout of edge-side products

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Alibaba-W's stock price rose by more than 9%, with a cumulative increase of nearly 120% this year. The company announced a collaboration with NVIDIA on Physical AI, covering multiple aspects such as data processing and model training. Alibaba CEO Eddie Wu stated that they will advance a 380 billion AI infrastructure construction plan. CITIC Construction Investment pointed out that the Cloud Habitat Conference in 2025 will be held on September 24, showcasing cutting-edge AI directions. It is recommended to pay attention to Alibaba's computing power chip specifications and capital expenditure plans

- Alibaba's stock price increased by over 9%, reaching a high of 174.6 HKD, with a year-to-date gain of nearly 120%.  
- The company announced a collaboration with NVIDIA on Physical AI at the 2025 Cloud Summit, covering various aspects such as data synthesis, model training, and environment simulation.  
- Alibaba's CEO revealed a three-year plan to invest 380 billion in AI infrastructure, with the summit featuring major forums and exhibitions focused on AI advancements.

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Understanding the Market | Alibaba-W's increase expanded by over 9%, with a cumulative stock price increase of 1.2 times this year. The company is collaborating with NVIDIA on Physical AI