Apple (AAPL.US) is reportedly in talks with TENCENT (00700.HK) and ByteDance to integrate its AI model into iPhones sold in mainland China. TENCENT share price reverted up after midday today (19th) on the news, and last stood at $415.4, up 2.32%. 16.4386 million shares were traded, involving $6.698 billion.
BIDU-SW (09888.HK) saw relatively heavy selling pressure. After opening 1.71% lower, the decline deepened, bottoming at $81.75, down 6.8%. It last printed at $83.3, down 5.07%, with 9.6484 million shares traded, involving $813 million.
Prior to this, it had been rumored that Apple was collaborating with Baidu and planned to use ERNIE's foundation model 4.0 to provide generative AI services for Apple's iPhone and other devices.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TENCT (C) |
29153 |
515.5 (-) |
0.104 |
9.3 X |
| TENCT (C) |
26379 |
500.5 (-) |
0.089 |
10.8 X |
| TENCT (C) |
29388 |
480 (-) |
0.212 |
7.3 X |
| TENCT (C) |
27048 |
452.19 (-) |
0.165 |
10.3 X |
| TENCT (P) |
28485 |
363.43 (-) |
0.033 |
13.5 X |
| TENCT (P) |
28010 |
349.8 (-) |
0.073 |
8.3 X |
| TENCT (P) |
27141 |
319.8 (-) |
0.039 |
8.8 X |
| TENCT (Bull) |
63155 |
397.2 (400) |
0.067 |
12.7 X |
| TENCT (Bull) |
62310 |
390.2 (393) |
0.082 |
10.4 X |
| TENCT (Bear) |
55033 |
477.8 (475) |
0.075 |
11.4 X |
| TENCT (Bear) |
55343 |
457.8 (455) |
0.046 |
18.5 X |
| BAIDU (C) |
29131 |
120.1 (-) |
0.096 |
4.6 X |
| BAIDU (C) |
25923 |
105.1 (-) |
0.093 |
3.7 X |
| BAIDU (P) |
26238 |
80 (-) |
0.176 |
3.7 X |
| BAIDU (Bull) |
68342 |
68 (70) |
0.153 |
5.4 X |
| BAIDU (Bull) |
61768 |
63 (65) |
0.213 |
3.8 X |
| APPLE (C) |
10321 |
262 (-) |
0.157 |
10.3 X |
| APPLE (P) |
10495 |
218 (-) |
0.171 |
5.6 X |
| APPLE (P) |
10410 |
193 (-) |
0.038 |
9.0 X |
