BABA: Nvidia’s H20 Comeback Triggers 8% Rally — But $433.5M Ant Lawsuit Still in Play
Court: S.D. New York
Case: 1:20-cv-09568
Alibaba 
BABA surged 8.1% to $117.15 on Tuesday after Nvidia announced it would resume shipping its H20 AI chips to China. The move reignited optimism in China’s AI sector and lifted multiple Chinese tech stocks.
🚀 Why Alibaba Rallied Yesterday
- Nvidia to resume H20 chip shipments to China
- U.S. government assured license approvals
- Broad rally in Chinese AI and tech stocks
- BABA jumped 8.1% to $117.15
- Alibaba’s Qwen ranked top open-source model on Hugging Face
- Moonshot’s Kimi K2 AI model challenges OpenAI and Anthropic in software coding
The news reinforced Alibaba’s positioning as a top AI player in China, bolstering investor confidence amid regulatory and competitive uncertainty.
🧾 But a $433.5M Settlement Still Casts a Legal Shadow
Alibaba is finalizing a $433.5M settlement with investors over claims it misled them about Ant Group’s regulatory issues and IPO complications.
📆 Timeline Overview
- Nov 5, 2019: SAMR warns Alibaba on antitrust concerns
- Nov 2, 2020: Ant execs summoned over lending rules
- Nov 3, 2020: Ant IPO suspended, BABA falls 8%
- Dec 24, 2020: BABA drops 13% after antitrust probe revealed
- Apr 22, 2022: Investors sue Alibaba
💼 Allegations Include
- Concealing regulatory pressures on Ant Group
- Misleading compliance and IPO disclosures
- Downplaying systemic financial risks
💰 Investor Update
- Settlement covers 2019–2020 period
- Payouts expected within 8–12 months post final approval
👉 You can check more information about it and file for a payout HERE.
Even as Alibaba capitalizes on AI tailwinds and regulatory reprieves, the shadow of the Ant Group fallout continues to shape its legal and financial landscape.