American technology stalwart Apple NASDAQ: AAPL just made headlines, with President Trump's influence and decision-making playing a key role in the stock's story. Below, we'll detail two key pieces of news and explain why they are leading Apple shares higher.
Elon Musk has accused Apple Inc (NASDAQ:AAPL, ETR:APC) of unfairly favoring OpenAI over AI competitors such as his startup xAI in its App Store, threatening to take legal action over what he alleges is an antitrust violation. In a series of posts on his social media platform X on Monday, Musk accused Apple of only allowing OpenAI's ChatGPT to rank first in mobile apps on its store.
Musk said Apple's App Store was suppressing his GrokAI chatbot while favoring ChatGPT.
Epic Games has just secured a win in its crusade against Apple and Google's app store policies: The Federal Court of Australia on Tuesday ruled that Apple and Google's engaged in anti-competitive conduct when it came to their respective app stores, ABC News reported.
CNBC's Steve Kovach reports on the latest news from Elon Musk and Apple.
Dan Ives, Wedbush global head of tech research, tells Worldwide Exchange Musk's potential Apple lawsuit could escalate fast, as App Store placement is critical for Grok and X adoption.
Elon Musk wrote on his X social media network late Monday that its parent company, xAI, "will take immediate legal action" against Apple (AAPL) for an alleged "antitrust violation" related to App Store rankings.
Trump nominates EJ Antoni to lead the BLS, emphasizes a commitment to honest and accurate economic data. Elon Musk threatens legal action against Apple, alleging antitrust violations over App Store rankings favoring OpenAI's ChatGPT over xAI's Grok.
Musk threatens 'immediate' legal action against Apple over alleged antitrust violations
Elon Musk said on Monday Apple is engaging in antitrust violations by allegedly making it impossible for any artificial intelligence company other than OpenAI to reach the No. 1 spot in its App Store rankings, calling it an "unequivocal antitrust violation.
Apple Inc (NASDAQ:AAPL, ETR:APC) may have improved its relationship with the Trump administration by committing $100 billion to US manufacturing, but Wedbush analysts have warned that an “invisible AI strategy” threatens to push the tech giant into a “BlackBerry Moment” if it doesn't move fast. “This was a big week for Cook to play nice in the sandbox with the Trump Administration and commit to more US manufacturing investments with the $100 billion announcement,” Wedbush wrote.
Jason Brown (@brownreport) is joining the chorus of market pundits telling investors not to count Apple (AAPL) out. He says "it's a matter of when" the company capitalizes on A.I.