alibaba reported to develop new ai chip after backup plan confirmed at earnings call
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s&p 500, nasdaq hit new closing highs; bullish rockets 84%; upexi soars 17%; amd soars 5%; alibaba jumps nearly 4%; coreweave tumbles 21%
hk ai concept stocks gained. unisound up 6%; mobvista up 5%; maketingforce, alibaba and baidu up 2%
