Alibaba Cloud Targets 20 Gigawatts of Data Centers by 2032

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Summary · why it matters

Alibaba CEO Eddie Wu said at the company's Apsara Conference that Alibaba Cloud plans to operate more than 20 gigawatts of data centers globally by 2032, according to FactSet, and he also launched the Zhenwu V900 chip. Quest Diagnostics and Labcorp Holdings each dropped more than 5% after the Centers for Medicare & Medicaid Services released a report showing Medicare has been paying 16% more for laboratory services than private payors, with the federal entity saying it will align most Medicare payments with private sector rates. Vicor rallied 9% after the power electronics company issued third quarter guidance forecasting sequential revenue growth of more than 20% quarter over quarter, versus prior guidance of nearly 10%. On Holding jumped more than 6% after the Swiss sportswear company set new midterm financial targets at its Investor Day, including absolute net sales reaching at least CHF5.6 billion by 2029 and gross profit margin of 65% throughout the period, and said it will repurchase up to an aggregate of $1 billion in Class A ordinary shares by December 2029 while reiterating its full year 2026 outlook. GameStop gained 3.5% after CEO Ryan Cohen disclosed a purchase of 1.2 million shares.

Impact on assets 7

Artificial Intelligence▲ · 2 stocks
Alibaba Group Holding Ltd
9988
▲ PositiveCapitalrelevance

Alibaba Cloud plans to operate over 20 GW of data centers globally by 2032 and launched the Zhenwu V900 chip, signaling major infrastructure investment.

Biotech & Genomic Medicine▼ · 2 stocks
Quest Diagnostics Incorporated
DGX
▼ NegativeRegulationrelevance

CMS report says Medicare overpaid labs 16% and will align payments with private rates, pressuring Quest's lab reimbursement.

Consumer Discretionary▲ · 2 stocks
GameStop Corp.
GME
▲ PositiveCapitalrelevance

CEO Ryan Cohen disclosed buying 1.2 million GameStop shares.

On Holding Ltd
ONON
▲ PositiveCapitalrelevance

On Holding set midterm targets (CHF5.6B sales, 65% margin) and authorized up to $1B in buybacks.

Semiconductors▲ · 1 stocks
Vicor Corporation
VICR
▲ PositiveCapitalrelevance

Vicor raised Q3 guidance to over 20% sequential revenue growth versus prior ~10%.

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