Apple is trading 3.2% up at $324.88 after China’s Cyberspace Administration approved its Apple Intelligence generative AI services, clearing the way for an official rollout in the country.
- The move, supported by strategic partnerships with Baidu and Alibaba, significantly boosts the company's growth narrative in the Chinese market.
- The stock is also benefiting from broader tech and AI optimism as major indices and the sector trade higher.