Zhi Tong Cai Jing·2025-09-12 01:36Core Viewpoint - Alibaba and Baidu have begun using internally designed chips to train their AI models, replacing some NVIDIA chips, which has led to significant stock price increases for both companies [1][1][1] Group 1: Company Developments - Alibaba's stock rose by 5.86% to HKD 151.7, while Baidu's stock increased by 3.76% to HKD 110.5 following the news [1][1][1] - Since the beginning of this year, Alibaba has been applying its self-developed chips for training lightweight AI models [1][1][1] - Baidu is experimenting with its Kunlun P800 chip to train the new version of its Wenxin AI model [1][1][1] Group 2: Industry Trends - The trend of self-developed AI chips is emerging, indicating a shift in the AI infrastructure industry from a "single GPU supply constraint" to "diversified custom chip solutions" [1][1][1] - This shift in investment logic is moving from hardware monopoly to ecological competition [1][1][1] - OpenAI has announced a partnership with Broadcom to design its first self-developed AI chip, while Google is accelerating its self-developed TPU into third-party data centers to compete directly with NVIDIA [1][1][1]