WS #12128
Apple hits record high on strong iPhone sales, China AI approval for Alibaba integration, and AI chip acquisition hunt; Siri AI beta opens to public. IBM stock cratered 25% after Q2 earnings warning, worst day on record, dragging on tech sector sentiment. ASML reported strong Q2 results with raised FY26 guidance, bullish for semiconductor sector. Apple will integrate Alibaba AI into Apple Intelligence in China after Cyberspace Administration approval; Alibaba shares rose 4%.
Apple Strength and AI Developments
Apple hits record high on strong iPhone sales, China AI approval for Alibaba integration, and AI chip acquisition hunt; Siri AI beta opens to public.
IBM stock cratered 25% after Q2 earnings warning, worst day on record, dragging on tech sector sentiment.
ASML reported strong Q2 results with raised FY26 guidance, bullish for semiconductor sector.
Apple will integrate Alibaba AI into Apple Intelligence in China after Cyberspace Administration approval; Alibaba shares rose 4%.