Alibaba shares jumps 19 % on the growth of the cloud unit, a report on the new artificial intelligence chip

Ali BabaHong Kong’s shares increased by more than 19 % on Monday, when the cloud computing unit of Chinese technology led to strong quarterly results, while details appeared on developing the new artificial intelligence chip.

It is the highest level of the share since March. Investors support the company’s improved performance in its main cloud unit, and they are satisfied with the investment of the technology giant in new areas, especially in the so-called “Immediate Trade,” That has become incredibly competitive in China.

Hong Kong Rally depends on a momentum Ali BabaFriday’s profit report, when the shares of the company listed in New York closed approximately 13 % higher.

Ababa last week Publishing revenue For a quarter of 247.65 billion Chinese dollars (34.73 billion dollars), on the occasion of an annual increase on an annual basis, however, analysts have expected the expectations of analysts. In the upper direction, an annual increase of 78 % in net income before expectations.

The cloud computing unit of the Chinese company was a bright point with 26 % annual revenue, which was a growth rate faster than the previous quarter. The growth of the cloud in alibaba has been accelerating during the past few quarter.

Like some of its Chinese competitors and the United States of Technology, Alibaba was investing in artificial intelligence infrastructure and developing its own models, as well as selling artificial intelligence services to the cloud computing unit. Investors believe that the department is a key to the company’s efforts to achieve income from artificial intelligence, such as Microsoft or Google.

The company said on Friday that the Acting Product Revenue “has maintained a three -year -old growth growth for the eighth quarter in a row.”

On the same day, CNBC mentioned that Alibaba is developing the new Amnesty International chipWhich also supported the stock rate on Monday.

The basic e -commerce business in alibaba showed signs of revival, while the company jumped to the immediate trade space in China in China. This is a feature presented this year on Taobao, one of the main Chinese e -commerce applications in Alibaba, which provides delivery of some products in China within one hour.

Invested in rapid trade on the amended Alibaba profits for e -commerce business. Investors gave the company some space for investment at the present time.