Reports indicate $Alibaba(BABA)$ began developing this chip in September 2018. They identified a need for domestically produced chips. This was never disclosed in earnings reports or press releases. The company now plans to spin off this operation through an IPO, allocating shares to employees involved. The venture is named T-Head, a detail previously unreported. $Alibaba(BABA)$ maintained secrecy around this project. Given the IPO move, the chip technology appears market-ready. Shareholders may receive T-Head shares. This initiative creates wealth for workers and shareholders. The chip could potentially compete with NVDA.
$Alibaba(BABA)$ Earnings momentum keeps rolling all week. Expecting blockbuster announcements - massive share buyback, dividend hike, Ant Group relisting, Ma-related developments in spotlight.
$Alibaba(BABA)$ This stock's a hibernating beast with AI capabilities trading at 19.5 P/E. Frankly speaking, any trade deal announcement could trigger another 20% surge.