Alibaba Group Holding LtdAlibaba's Qwen model selected by Apple for AI features in China, driving demand for its AI services.
Alibaba Group Holding confirmed its Qwen large language model will power Apple Intelligence features on Apple devices in China, following regulatory approval that clears a key AI commercialization milestone. The stock has risen about 11% over the past month but remains down roughly 25.2% year to date, with a three-year total shareholder return of about 27.4%. Alibaba now trades at a sizeable discount to the average analyst price target and to some intrinsic value estimates, with a most-followed narrative fair value of $147.49 against a last close of $116.56, suggesting a 21% undervaluation. The company is heavily investing in AI and instant commerce, though the thesis faces pressure from ongoing regulatory scrutiny and the risk that heavy AI spending will strain free cash flow.
Alibaba Group Holding LtdAlibaba's Qwen model selected by Apple for AI features in China, driving demand for its AI services.
Apple Inc.Apple partners with Alibaba's Qwen AI model for Apple Intelligence in China, enabling AI features on devices.