:max_bytes(150000):strip_icc()/GettyImages-2197309507-eccdfa13777043da95f516e35f4ff1bf.jpg?resize=1500,1000&ssl=1 "Why Alibaba Stock Closed at a 2-Year High on Wednesday")
Key Takeaways
- Alibaba’s U.S.-listed shares extended their recent rally into Wednesday after it was reported that Apple is partnering with the Chinese company.
- The companies have submitted to Chinese regulators Alibaba-developed AI features to allow Apple to release Apple Intelligence products in China, according to reports.
- Analysts have said the launch of the AI features could help boost iPhone sales in China.
Shares of Alibaba Group (BABA) listed in the U.S. extended their rally into…
Article Source
https://www.investopedia.com/alibaba-stock-jumps-reported-apple-ai-partnership-11678651
