TECH - Why Is Baidu Stock Trading Higher Monday? | Benzinga
Baidu, Inc (NASDAQ:BIDU) stock is trading higher Monday amid reports of its partnership with Apple Inc (NASDAQ:AAPL) to supply artificial intelligence (AI) services for the upcoming iPhone 16 and other Apple products in China.
The collaboration reportedly extends to the Mac operating system and iOS 18, exclusively for the versions sold within China.
These insights emerged from a Cailian Press report, highlighting Apple’s deliberations with other Chinese tech giants, including Alibaba, before settling on Baidu for its AI capabilities, the Wall Street Journal reports.
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