BABA stock closes higher after Alibaba AI chip launch
Published on 09/22/2026 at 23:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alibaba stock closed at USD 119.52 on the NYSE on September 22, 2026, gaining 3.25 percent from the prior close. The U.S.-listed shares advanced after Alibaba unveiled its Zhenwu V900 AI chip and outlined plans for more than 20 GW of global cloud capacity, according to Pluang.
September 22, 2026 session figures
Alibaba Group Holding Limited (ISIN US01609W1027, NYSE: BABA) traded above the September 21 close of USD 115.75 and reached USD 120.36 during the session before ending at USD 119.52. The closing price stood USD 0.84 below the session high, while the stock remained below its 52-week high of USD 189.34 and above its 52-week low of USD 94.83.
Alibaba shares also gained 2.31 percent in Hong Kong by 13:59 p.m. ET, when the local market tape showed 94.42 million shares traded. The difference between the U.S. and Hong Kong percentage moves reflects the exchange rate and the different trading windows.
After the bell today
Alibaba's AI chip announcement remained the key company event after the U.S. close. The Zhenwu V900 was presented as delivering three times the performance of the previous-generation accelerator, while the company linked the chip launch to a broader cloud expansion plan, as Yahoo Finance reported.
