Robert Paul Leitao on Premarket: Apple is green - 'It was a good day for the market with over 75% of S&P 500 components rising on the day and the DJIA gained 556.21 points or 1.08%. As Bart points out above, Apple gradually moved south in afternoon trading to close off $0.96 or 0.28% at $342 even. In other news CFRA has announced a rise in its Apple price target to $380 per share from $350 while maintaining a 4-star Buy recommendation. This follows the “Welcome Home” event on Tuesday morning.'
on Premarket: Apple is green - 'AAPL closed down $0.96 to exactly $342.00 on very mediocre volume of 35M shares, just a quiet sideways move. Last 5 sessions have shown spiky openings up $4-6 and then slow rest of session declines on subdued volume except for Wednesday. I expect a little positivity tomorrow as Duo preorders open and optimism that Preoprders will point to better than expected demand, say over 5-6M for 2026, and delivery times extending well into December and January.'
on OpenAI promises not to use Apple trade secrets — for now - '@Richard The big problem they have for the IPO is showing that they have any useful revenue. This is the big mystery about AI: enormous expenses, little to no revenue.'
on OpenAI promises not to use Apple trade secrets — for now - 'It was panned – until they actually drove one.'
on OpenAI promises not to use Apple trade secrets — for now - 'In any settlement Apple force Open AI to bond its word for at least $10 Billion. Then if found guilty of breaking a non-use agreement Apple get paid by the bond holder.'
on OpenAI promises not to use Apple trade secrets — for now - 'Please permit me to clarify; There is the physical threat ((WWIII, biological agents, nano-machines creating Grey Goo, etcetera) to humanity (and even biological life itself), but there’s is also a oligarchic threat from too much power in the hands of too few.'
on OpenAI vs. Apple: The plot thickens - 'Not to slice things too thinly, but unless OpenAI has evidence that the person emailed those files under inducement by Apple, their legal beef is solely limited to the ex-employee. Especially if all they’ve got is evidence that he emailed them to himself.'
on Apple investors: Set your calendars - 'Kind of like this year’s fall IPhone release schedule. Staggered and some models delayed. Also a lot of new product releases and a new CEO to organize. They aren’t rushing to get out the results but haven’t warned either. Not the most important quarter but the guide will be important to the street reaction. An extra week could be useful.'
on Apple investors: Set your calendars - 'Why the extra week? It will give them more data on new products for their forward guidance.'
on OpenAI promises not to use Apple trade secrets — for now - 'I think this is all about OpenAI getting to its IPO. There was no way that was going to happen any time soon with this mega-case hanging over it. Altman already delayed it to next year (He said for security and safety reasons. As a known liar, I suspect it was this case that was scaring off the investors.) So it has come to an agreement that may make this go away long enough for OpenAI to cash in. Any court case will then happen after the IPO when they can then drag it out forever.'
on OpenAI promises not to use Apple trade secrets — for now - 'Ive’s move looks like betrayal. What a nice pile of a AI billion or two will do. I do like the new electric car however. I have seen it in flesh both inside and out at the factory in Maranello, moving through the hight tech production line. It has a very carefully thought out design and blistering performance. Talking of IP theft, the movable monitor in the car is very much like the swivel neck iMac. It has no heads up display however and the range needs improvement.'
on OpenAI promises not to use Apple trade secrets — for now - 'OpenAI: “I promise not to use your trade secrets, for now. I need more time to study them.”'
on Apple investors: Set your calendars - 'Apple seems somewhat overvalued here. I keep wondering if this latest surge will be given back at any time, especially since Apple seems to be able to grow into the present valuation. I wouldn’t be surprised that, with the earnings report, no matter what they report, that there will be some profit taking.'
on OpenAI promises not to use Apple trade secrets — for now - 'How does this work in practicality? If a person knows about a trade secret, how can they “unknow it”. If Open AI ever makes anything remotely referenced in any of the Apple documents, whether by theft or dumb luck, they should be liable. And would you trust this promise? Or would they try to out-litigate?.'
on OpenAI promises not to use Apple trade secrets — for now - 'This reads like an admission by OpenAI: Yes, we stole your trade secrets. Might not bode well.'
on OpenAI promises not to use Apple trade secrets — for now - 'Open AI is doomed after this stunt. No integrity. Zilch. What a corporate stain and the stench will be with them forever. Anyone doing business with them will be cast under the same scrutiny and viewed as lower than whale sh*t. What a corrupt outfit and any semblance of a reputation that Jony Ives possessed has been obliterated faster than a Usain Bolt 100 meters race. His last notable act was the electric Ferrari he designed. That vehicle was panned by everyone in the automotive industry. Nice legacy. What a collection of dirtballs and outright thieving trash.'
on OpenAI promises not to use Apple trade secrets — for now - 'Well, it’ll be interesting to see how the court and Apple will enforce this agreement.'
