Alibaba's stock surges as the Chinese tech giant builds a major AI data center using its own custom semiconductors instead of relying on Nvidia chips.

Alibaba is constructing a large-scale data center designed to operate with its own proprietary semiconductors rather than Nvidia GPUs

The move represents a strategic effort by Alibaba to reduce dependence on foreign chip suppliers and strengthen its AI infrastructure

Alibaba's stock price jumped following the announcement, signaling investor confidence in the company's AI and semiconductor strategy

This development reflects growing competition among Chinese tech companies to build domestic AI capabilities amid geopolitical chip supply concerns