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2026-07-16 10:44:32 Jefferies said in a report that Alibaba's Qwen under BABA-W (09988.HK) will provide services for users of the China version of Apple Intelligence by Apple Inc. (AAPL.US). Although further details of the cooperation have yet to be announced, the broker believed this represents recognition of the Qwen model across different scenarios. According to the broker's recent report, Alibaba Cloud possesses comprehensive end-to-end capabilities, and revenue growth was estimated to accelerate in the September quarter. Jefferies reiterated BABA-W as its top pick. The report said the news carries multiple positive implications for BABA-W, including affirmation of Qwen's model capabilities, with a comprehensive selection of models capable of meeting different user needs; enhancing Qwen's visibility in international markets; Alibaba's complete cloud infrastructure enabling service quality and cost-effectiveness; and with the successful cooperation with Apple, adoption and usage of Qwen models on edge devices (simple tasks) and the cloud (complex tasks) were forecast to rise further. ~ AASTOCKS Financial News Website: www.aastocks.com | |