【AI+9988】Alibaba Stock Price Rises 4% in Afternoon Trading; Alibaba Cloud AI Computing Power and Storage Products See Maximum Price Increase of 34%

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2026-03-18 07:03:00

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Alibaba (09988)
The stock price surged by 4% in the afternoon, reaching a high of HKD 140.2, with a turnover of HKD 8.9 billion. Alibaba Cloud announced that due to the explosive global demand for AI and rising supply chain costs, the procurement costs for core industry hardware have significantly increased. Starting April 18, prices for services such as AI computing power and CPFS (Intelligent Computing Edition) will be adjusted, with Alibaba Cloud’s AI computing power and storage products increasing by up to 34%.

Among them, the price of computing cards like PingTouGe ZhenWu 810E will increase by 5% to 34%, and the price of storage products CPFS (Intelligent Computing Edition) will increase by 30%.

▲ 【AI+9988】Alibaba’s stock price rose 4% in the afternoon, with AI computing power and storage products increasing by up to 34%

According to reports, sources revealed that another major reason for the price hike is the “surge in token usage.” Alibaba Cloud’s MaaS business experienced its highest growth rate from January to March this year. Alibaba Cloud is shifting its scarce AI computing resources toward token-related businesses.

Source: Alibaba Cloud

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