Alibaba’s actions jump 19% on the growth of the cloud unit, the report of the new AI chip

AlibabaThe actions listed in Hong Kong increased more than 19% on Monday while the Cloud Computing unit of Chinese technology giant has generated solid quarterly results, while the details have emerged on its new development of AI fleas.

It’s the highest level for stock since March. Investors have supported the company’s improvement performance in its Cloud key and are content with the investment of the technology giant in new areas – especially in the so -called “instant trade”, which has become incredibly competitive in China.

The Hong Kong rally relies on the momentum of AlibabaThe report on Friday results when the company listed in New York of the company closed almost 13% higher.

Alibaba last week last week recorded income for the June quarter of 247.65 billion Chinese yuan (34.73 billion dollars), marking a 2% increase in annual sliding which nevertheless missed analyst expectations. Uplining, an annual increase of 78% of net profit was before forecasts.

The Cloud Computing Unit of the Chinese company was a positive point with the recovery of income of 26% annual, which was a faster growth rate than that observed during the previous quarter. Alibaba’s cloud growth has accelerated in the last quarter.

Like some of its rivals of Chinese and American technology, Alibaba has invested in IA infrastructure and developed its own models, as well as to sell AI services for its cloud computing unit. Investors consider the division as a key to the business efforts to monetize artificial intelligence, a bit like Microsoft or Google.

The income of AI -related products “have maintained three -digit growth from one year to the next for the eighth consecutive quarter,” the company announced on Friday.

The same day, CNBC said that Alibaba is developing a new AI chip, which also supported the course of action on Monday.

Alibaba’s basic electronic commerce activities have shown signs of Renaissance, while the company jumped into the instantaneous commercial space in China. This is a feature presented this year on Taobao, one of the main Chinese electronic commerce applications in Alibaba, which provides deliveries of certain products in China within the hour.

Investments in fast trade weighed on the adjusted profits of Alibaba for its electronic commerce activity. Investors have given the company a certain latitude to invest for the moment.