On the same day, Alibaba and Baidu both declared an increase in their product prices, sparking a collective rally in computing power concept stocks on the A-share market. Several stocks, Tongniu Information included, soared to their limit up or witnessed substantial gains. Owing to a global spike in AI demand and escalating supply chain costs, Alibaba Cloud has implemented price hikes of up to 34% for its AI computing power, storage, and other related products. Similarly, Baidu Intelligent Cloud, influenced by the advancements in artificial intelligence and the rising costs, has made structural adjustments to the pricing of certain products. Specifically, services related to AI computing power have seen a price increase ranging from 5% to 30%, while parallel file storage has surged by 30%. These new pricing structures will come into effect at 00:00 (Beijing Time) on April 18, 2026.
