【AI+9988】Alibaba Stock Price Rises 3% in Afternoon Trading, Alibaba Cloud AI Computing Power and Storage Products Increase by Up to 34%

SocialAnxietyStaker · 2026-03-18T05:33:06+00:00

Alibaba's stock price rose in the afternoon, reaching 138.9 yuan, with the latest quote at 137.3 yuan and trading volume of 6.09 billion yuan. Due to surging AI demand and rising supply chain costs, Alibaba Cloud adjusted prices for AI computing power and storage products starting April 18, with price increases of up to 34%. Additional reasons for the price increase include a surge in token call volume.

SocialAnxietyStaker

2026-03-18 05:33:06

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Alibaba (09988)
The stock price surged in the afternoon, rising as much as 3.2% to a high of 138.9 HKD. It is currently up 2%, trading at 137.3 HKD, with a turnover of 6.09 billion HKD. Alibaba Cloud announced that due to a surge in global AI demand and supply chain price increases, the costs of core industry hardware procurement have risen significantly. 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 these, services related to the Pingtouge Zhenwu 810E computing card saw price increases of 5% to 34%, and the CPFS (Intelligent Computing Edition) storage product prices increased by 30%.

▲ 【AI+9988】Alibaba shares rose 3% in the afternoon, with Alibaba Cloud’s AI computing power and storage products increasing by up to 34%

Reports indicate that an important reason for this round of price hikes is the “explosive growth 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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