WS #12149
China officially approved Apple Intelligence powered by Alibaba's Qwen model for launch this fall; Apple quietly raised AppleCare prices for Macs and iPads. BofA survey shows 82% of managers see 'long global semiconductors' as most crowded trade; IBM warns AI boom squeezing software budgets, shares sink; S&P 500 concentration hits late-90s highs.
Apple China AI Approval and Price Hikes
China officially approved Apple Intelligence powered by Alibaba's Qwen model for launch this fall; Apple quietly raised AppleCare prices for Macs and iPads.
BofA survey shows 82% of managers see 'long global semiconductors' as most crowded trade; IBM warns AI boom squeezing software budgets, shares sink; S&P 500 concentration hits late-90s highs.