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Apple sues OpenAI over alleged theft of hardware secrets, OpenAI denies and exposes Apple's lawyer errors.

Market News
04 Aug 2026
New York Post
View Source
Bearish
Apple sues OpenAI over alleged theft of hardware secrets, OpenAI denies and exposes Apple's lawyer errors.

Apple has filed a lawsuit seeking a preliminary injunction against OpenAI and two former Apple employees, accusing them of stealing trade secrets related to hardware development. OpenAI denies the allegations and revealed that Apple's lawyers mistakenly contacted the wrong former employee, undermining Apple's claims of prior warning. The dispute centers on OpenAI's efforts to develop a consumer AI device, with Apple warning of irreparable harm without court intervention. Both companies are preparing for expedited legal discovery as the case unfolds, highlighting tensions over intellectual property and competition in AI hardware innovation.

More News (AAPL)

Investing $500 monthly in VOO since 2010 could grow to $330,000, highlighting the power of S&P 500 cap-weighted ETFs.

Investing $500 monthly in VOO since 2010 could grow to $330,000, highlighting the power of S&P 500 cap-weighted ETFs.

A $500 monthly investment in the Vanguard S&P 500 ETF (VOO) since its 2010 launch would be worth about $330,000 today, driven by mega-cap tech giants like Nvidia, Apple, and Microsoft. The article compares VOO with other S&P 500 ETFs like IVV, SPY, S...

Market News
Bullish
1 day ago
Apple stock could hit $450 by 2027 driven by AI, strong iPhone growth, and services expansion.

Apple stock could hit $450 by 2027 driven by AI, strong iPhone growth, and services expansion.

Apple reported strong Q3 results with $109.42 billion revenue and its ninth consecutive earnings beat, driven by 22% iPhone growth. Despite a 23% stock rise this year, shares trade below potential value due to margin concerns and supply constraints. ...

Company Fundamentals
Bullish
3 days ago
Warren Buffett retires, revealing his top 5 Berkshire Hathaway investments including Apple and Coca-Cola.

Warren Buffett retires, revealing his top 5 Berkshire Hathaway investments including Apple and Coca-Cola.

Warren Buffett stepped down as chairman of Berkshire Hathaway at age 96, ending one of the longest careers in investing. His five largest disclosed stock holdings as of mid-2026 were Apple, American Express, Coca-Cola, Alphabet, and Bank of America, ...

Market News
Bullish
3 days ago
Nvidia CEO dismisses AI doomsday fears, urges safe AI development amid US-China tech tensions.

Nvidia CEO dismisses AI doomsday fears, urges safe AI development amid US-China tech tensions.

Nvidia CEO Jensen Huang dismissed extreme fears about AI as unscientific and emphasized the responsibility of AI companies to develop technology safely, advising to hold back AI if it's not ready. This comes ahead of a state dinner hosted by Presiden...

Market News
Neutral
3 days ago
Apple stock set for new highs as Bank of America targets $370 amid strong sales and AI growth.

Apple stock set for new highs as Bank of America targets $370 amid strong sales and AI growth.

Apple's stock is gaining momentum with a Bank of America analyst predicting a rise to $370 within 12 months, signaling a 10.7% upside from current levels. This optimism is driven by strong fiscal results, aggressive U.S. carrier promotions boosting i...

Analyst Insights
Bullish
3 days ago
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