BABA ▲ +2.7% - Alibaba Group Holding Limited $BABA Alibaba (BABA) CEO Wu Yongming said the company targets more than 20 gigawatts of global Alibaba Cloud data-center capacity by 2032 as AI demand accelerates. The Details: • Infrastructure target: Alibaba plans to expand global cloud data-center capacity beyond 20 gigawatts by 2032. • AI investment: Wu said the company will accelerate spending on AI infrastructure amid strong demand. • New chip: Alibaba’s T-Head semiconductor unit introduced the Zhenwu V900, which it called its most powerful domestic AI chip. • Compute claim: T-Head said the V900 delivers three times the computing power of the Zhenwu M890. • Model plan: Alibaba’s Qianwen team plans to train a new model with 5 trillion to 10 trillion parameters. Alibaba shares rose 2.7% following CEO Wu Yongming's announcement of ambitious infrastructure expansion plans, including a target to build global cloud data-center capacity exceeding 20 gigawatts by 2032 and accelerated spending on AI infrastructure. The company also unveiled its most powerful domestic AI chip, the Zhenwu V900, and announced plans for a new large-scale language model with 5 trillion to 10 trillion parameters, signaling aggressive positioning in the competitive AI infrastructure market. 22-SEP-2026 05:29 AM ET