【AI+9988】Alibaba Surges 3% in Afternoon Trading; Alibaba Cloud AI Computing Power and Storage Products See Price Increases Up to 34%

SocialAnxietyStaker · 2026-03-18T05:16:07+00:00

Alibaba's stock price surged in afternoon trading, rising as much as 3.2% to 138.9 yuan. Alibaba Cloud announced that starting April 18, it will adjust prices for AI computing power and storage services, with increases of up to 34%, attributed to rising global AI demand and supply chain costs. Additionally, the price increase is driven by a surge in token call volume, which has propelled Alibaba Cloud's MaaS business to record growth rates.

SocialAnxietyStaker

2026-03-18 05:16:07

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Alibaba (09988)
The stock price surged in the afternoon, briefly rising by 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 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 computing cards like Pingtouge Zhenwu 810E have increased by 5% to 34%, and the file storage product CPFS (Intelligent Computing Edition) has risen by 30%.

▲ 【AI+9988】Alibaba surges 3% in the afternoon; Alibaba Cloud’s AI computing power and storage products increase by up to 34%

Reports indicate that an important reason for this price hike is the “sharp increase 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 services.

Source: Alibaba Cloud

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