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Apple shares reached an intraday record of $331 as China approved Apple Intelligence and investors weighed new on-device AI work against the stock’s elevated valuation. Key Points: AAPL reached $331 after gaining about 5% during Wednesday’s session. China cleared Apple Intelligence for local use wit

Apple sued OpenAI in federal court on Friday, accusing the AI firm and two ex-employees of stealing trade secrets for a hardware push built on its $6.5 billion io deal. Key Points: The complaint names OpenAI, io Products, hardware chief Tang Tan and engineer Chang Liu as defendants. More than 400 fo

OpenAI is moving toward Apple-style control of its AI stack as its custom chip plan tests Nvidia’s hardware dominance. Key Points: OpenAI and Broadcom have shared new details about Jalapeño, a custom inference processor built for AI workloads. The chip points to a broader strategy, not just an effor

Paul Meade, the Apple vice president who spent seven years leading Vision Pro hardware and the company's smart glasses program, is leaving to join OpenAI. Key Points: Meade is set to leave Apple within the week and join OpenAI's hardware division. He ran Vision Pro hardware engineering for seven yea

Apple shares have gained just 10% in 2026, trailing the Nasdaq 100 by nine points, as investors grow weary of repeated delays to the company's AI plans. Key Points: Apple stock is up only 10% this year, lagging the Nasdaq 100 after a WWDC that underwhelmed Wall Street. The rebuilt Siri lands this fa