Market Chatter: Alibaba Cloud Refutes Claims of Large Order of Cambricon GPUs

MT Newswires Live

2025/09/02

Alibaba Group's (HKG:9988) cloud unit denied claims that it placed a large order of Cambricon Technologies' (SHA:688256) graphics processing units, according to media reports on Monday.

Several reports claimed that Alibaba Cloud had placed an additional order for 150,000 Siyuan 370 chips for its internal needs, but a company representative clarified that the reported procurement volume was inaccurate, Hong Kong's The Standard reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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