Alibaba Group Holding Limited (NYSE:BABA) is one of the best AI stocks to buy for 2026, according to billionaire David Tepper.
On May 8, Alibaba Group Holding Limited (NYSE:BABA) was on the defensive, refuting claims that it was one of the beneficiaries of billions of dollars’ worth of Super Micro computer servers containing Nvidia chips smuggled into China
Pieter Beens / Bloomberg reported that a key company behind Thailand’s national AI effort had smuggled the servers containing Nvidia chips and sold them to Alibaba, among other end customers. The allegations follow US prosecutors reiterating early in the year that Super Micro’s co-founder had worked to divert AI semiconductors in violation of US trade rules. Alibaba insists it has no business relationship with Super Micro, OBON, or any third-party brokers that deal in servers with Nvidia chips under US control.
It has also refuted claims that it is involved in the alleged smuggling activities. The Chinese AI powerhouse insists it maintains a compliance-first approach with its data center operations. Alibaba Group Holding Limited (NYSE:BABA) is a leading AI player, developing its own large language models, integrating AI into its e-commerce and logistics, and offering cloud-based AI services.