Quick Read – China approved Apple Intelligence via Alibaba and Baidu partnerships, sending AAPL shares to a record high as Greater China sales surged 28% to $20.5 billion. – In Hong Kong, BABA jumped 5% and BIDU rose 4% on news that their AI models unlocked China’s market for…
ple Intelligence. – Tim Cook’s model-agnostic AI strategy deploys local partners like Alibaba in China and Google’s Gemini in the US without Apple owning the compute. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn’t make the cut. Grab the names FREE today
For nearly two years, the knock on Apple (NASDAQ:AAPL) was that it had fallen behind in artificial intelligence. A single approval out of Beijing just complicated that story, and it may vindicate one of Tim Cook’s most contrarian bets on Apple Intelligence China. China’s Cyberspace Administration has approved Apple Intelligence for launch in China, clearing a regulatory hurdle in place since the feature debuted in 2024.
The approval hinges on a partnership integrating Alibaba (NYSE:BABA) and its Qwen model into Apple’s operating systems, with Baidu (NASDAQ:BIDU) confirmed as a development partner. Markets liked it. Apple shares climbed to a record high on the news, per CNBC’s reporting, driving the Apple stock record high narrative.