Alibaba Unveils New AI Chip Zhenwu M890 Amid Nvidia Ban
- Chip Launch: Alibaba announced the Zhenwu M890 AI chip on Wednesday, which is three times faster than its predecessor and designed for AI agent software handling complex tasks, marking a significant advancement in China's push for homegrown chip development.
- Market Demand Response: The Zhenwu M890 chip meets the memory and communication needs of AI agents while processing vast amounts of data, expected to attract over 400 customers across 20 sectors, thereby strengthening Alibaba's market position in the AI domain.
- Future Product Plans: Alibaba plans to release two additional chips, V900 and J900, in the third quarters of 2027 and 2028 respectively, indicating the company's long-term strategic commitment to AI hardware development.
- Server System Launch: At the Alibaba Cloud Summit, the company introduced the Panjiu AL128 server system, which supports 128 accelerators and is immediately available to Chinese business customers via the Bailian platform, further enhancing domestic AI infrastructure development.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0164 | 0.0217 | 0.0252 | 0.0305 | 0.034 | 0.0393 | 0.0428 |
| Fibonacci | 0.0217 | 0.025 | 0.0271 | 0.0305 | 0.0338 | 0.0359 | 0.0393 |
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