Arteris and Alibaba (BABA) XuanTie Expand RISC-V Collaboration

Alibaba Group Holding Limited (NYSE:BABA) is one of the must-buy US stocks to buy now. On October 22, Arteris Inc. announced it is deepening its partnership with Alibaba’s XuanTie to accelerate RISC-V system-on-chip designs for edge AI, servers, and automotive tech. Building on Arteris’ role in the Wujian Alliance, the two firms have successfully integrated XuanTie’s C908, C920, and C930 CPU cores with Arteris’ interconnect IP, offering ready-to-use solutions aimed at cutting development time. The collaboration highlights growing demand for high-performance semiconductors and reflects both companies’ focus on simplifying SoC design through proven, scalable integration.

On October 22, Mizuho analysts raised their price target for Alibaba to $195, maintaining an Outperform rating. The upgrade reflects strong growth in summer-quarter deliveries and rising demand in e-commerce, driven by increased incentives. The analysts also see potential for Alibaba to expand in banking through its full-stack AI offerings, supported by an open-source approach.

A day earlier, reports highlighted Alibaba’s Quark unit launching “Plan C,” a new effort in conversational AI aimed at competing with ByteDance’s Doubao chatbot. With Doubao reaching 157 million active users, Alibaba’s move signals its intent to stay competitive in China’s fast-growing AI space.

Alibaba Group Holding Limited (NYSE:BABA) is a multinational technology company that offers e-commerce and cloud computing services. Its main business segments include online retail through platforms like Taobao and Tmall, business-to-business (B2B) wholesale marketplaces like Alibaba.com, cloud computing services, digital media and entertainment, and logistics services through Cainiao.

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Disclosure: None. This article is originally published at Insider Monkey.