US Stock Market Move | Seeking to acquire artificial intelligence chip business, Apple Inc. (AAPL.US) rose nearly 3% in early trading.

On Wednesday, Apple Inc. (AAPL.US) rose nearly 3% in early trading, hitting a new all-time high of $324.11. In terms of news, on July 15, the National Internet Information Office released a new list of AI services for mobile devices, approving 7 AI products. Among them, "Apple Intelligence" filed by Apple Inc. Technology Development (Shanghai) Co., Ltd. was officially registered on July 8, specifically for use on Apple Inc. phones. This signifies that Apple Inc. has cleared a critical regulatory hurdle for AI compliance in China, bringing the domestic version of Apple Intelligence one step closer to its official launch. Moreover, reports indicate that individuals familiar with Apple Inc.'s operations have stated that the company is looking to acquire chip companies to strengthen its efforts in building server chips for artificial intelligence operations. In recent months, the iPhone manufacturer has been in discussions with bankers regarding potential deals. Sources also mention that Apple Inc. has been in contact with semiconductor startups to inquire about their interest in selling their companies. The move to acquire chips comes as Apple Inc. faces performance issues with its internal AI servers.