Alibaba is making waves as analysts boost its growth outlook, particularly with its AI and cloud ventures. Meanwhile, Huawei is gearing up to double its production of advanced AI chips, taking on Nvidia in a competitive landscape. On the corporate front, Occidental Petroleum is eyeing a significant $10 billion sale of its OxyChem unit, aiming to streamline its operations. This episode showcases the dynamic shifts in the tech and energy sectors, underscoring the impact of market trends and geopolitical factors.
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insights INSIGHT
Alibaba Gains On AI And Cloud Optimism
Analysts raised Alibaba's targets after the company pledged AI capex and stronger cloud prospects.
The stock rallied about 50% this month and gained further on positive analyst commentary.
insights INSIGHT
Huawei Doubles Chip Output To Rival Nvidia
Bloomberg reported Huawei plans to double output of its top AI chips to challenge Nvidia in China.
Huawei's chips lag Nvidia on performance but aim to capture domestic market share amid geopolitical tensions.
insights INSIGHT
Nvidia Holds Ground Despite Headwinds
Nvidia remains positive despite geopolitical headwinds and competition from Huawei.
Nvidia's China-focused chips aren't its top models, and future exports could change the competitive landscape.
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- Shares of Alibaba Group Holding Ltd. (BABA), the top performer among Chinese tech names in Hong Kong this month, rallied as analysts touted improving growth prospects for the company’s cloud and artificial intelligence businesses. Morningstar Inc. boosted by 49% the fair value for Alibaba’s American Depositary Receipts and its Hong Kong-listed stock to $267 and HK$260, respectively. Morgan Stanley raised its price target for the ADRs by 21% to $200.
- Huawei Technologies Co. is preparing to sharply ramp up production of its most advanced artificial intelligence chips over the next year, aiming to win customers in the world’s biggest semiconductor market while Nvidia (NVDA) Corp. struggles with geopolitical headwinds. The Chinese company plans to make about 600,000 of its marquee 910C Ascend chips next year, roughly double this year’s level, people familiar with the matter said, asking for anonymity to discuss private information. Huawei had struggled to get those products out the door for much of 2025 because of US sanctions. Overall, the Shenzhen-based company will raise output for its Ascend product line in 2026 to as many as 1.6 million dies, the people said, describing the basic silicon components that house chip circuitry.
- Occidental Petroleum (OXY) is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the US company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter that it didn’t identify. The potential buyer couldn’t immediately be determined, the report said.
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