Alibaba Group Holding Ltd has collaborated with Canaan Inc, CoinDesk reports. The partnership is concerned with artificial intelligence.
Alibaba, which aims to build the future commerce infrastructure, will declare its December quarter results on February 24.
Canaan is a leading high-performance computing solutions provider focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services.
Price Action: CAN shares traded higher by 6.20% at $5.14 in the premarket on the last check Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments