11:30 AM EDT, 07/31/2026 (MT Newswires) -- (Updates with Alibaba's ( BABA ) response to a request for comment in the penultimate paragraph.)

Chinese AI company Moonshot has a computing power agreement with Alibaba ( BABA ) to use about 20,000 Nvidia ( NVDA ) chips, Bloomberg reported Friday, citing people with knowledge of the matter.

That hardware accounts for a significant portion of the overall computing capacity that Moonshot uses for its Kimi models, the report said, citing the people.

"The alleged supply of H200 chips to Moonshot from us is completely groundless," an Alibaba ( BABA ) spokesperson told MT Newswires via email.

Nvidia ( NVDA ) didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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