Alibaba's shares jump after it lands a major customer for its AI chips
1. Alibaba secures a major customer, China Unicom, for its AI chips. 2. Shares rose over 5% in Hong Kong and 2% premarket in the U.S. 3. China's push for domestic semiconductors boosts Alibaba's cloud computing services. 4. Nvidia faces challenges in China, benefiting local players like Alibaba. 5. Alibaba develops its AI models and works on a new AI chip.