|Bid||165.200 x N/A|
|Ask||165.300 x N/A|
|Day's range||162.200 - 165.900|
|52-week range||132.000 - 309.400|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||251.06|
SHANGHAI (Reuters) -Chinese tech giant Alibaba Group Holding Ltd said on Tuesday it has developed a processor that will be used to power servers in its data centers. The development marks the latest foray into semiconductors for the company, mirroring moves from other global cloud computing players while also dovetailing with Chinese government's priorities to boost the nation's chip sector. Developed by Alibaba's in-house semiconductor unit T-Head, the chip — the Yitian 710 — is based on architecture from UK-based Arm Ltd, and will not be available for commercial use outside of Alibaba.
(Bloomberg) -- Alibaba Group Holding Ltd. unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency. The Chinese tech giant’s newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual cloud summit in Hangzhou, said the silicon will be put to use in its own data centers in the “near future” and will
Alibaba (BABA) closed at $166.82 in the latest trading session, marking a -0.7% move from the prior day.