Reported about 18 hours ago
Alibaba's U.S.-listed shares surged nearly 5% on Wednesday, reaching their highest level in over two years, following reports of a partnership with Apple to develop AI features for Apple products in China. Analysts suggest that this collaboration could significantly boost iPhone sales as the companies have submitted the AI features for regulatory approval in China. With a five-day winning streak and a 60% gain over the past year, Alibaba's stock continues to rally amidst this promising news.
Source: YAHOO