tech

Alibaba Shares Outpace Tencent’s as Chip Exposure Fuels Demand

Bloomberg Tech · May 7, 2026, 3:57 AM · Also reported by 4 other sources

The torrid stock rally in Asian chipmakers is driving a divergence between China’s two internet giants, with Alibaba Group Holding Ltd. gaining an edge over rival Tencent Holdings Ltd. due to investor enthusiasm about its ambitious semiconductor unit.

Read full story on Bloomberg Tech → More top stories

Also covered by

Investing.com Japanese chip and tech shares surge as AMD earnings spark AI optimism Investing.com Arm shares reverse course on supply fears for new chip despite strong print Yahoo Finance Strategy Yield ETN Gives UK Investors Exposure to Bitcoin Giant's STRC Shares Decrypt Strategy Yield ETN Gives UK Investors Exposure to Bitcoin Giant's STRC Shares

Aggregated and edited by the Scoop newsroom. We surface news from Bloomberg Tech alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Alibaba Shares Outpace Tencent’s as Chip Exposure Fuels Demand

Also covered by

More in tech