Apple Inc. NASDAQ: AAPL might have just delivered a record quarter, but its shares have dropped about 8% in the days since. On the surface, that looks like a classic case of a stock priced for perfection stumbling over cautious guidance.
Apple is now seeking a preliminary injunction in its trade secrets case against OpenAI, which aims to stop the AI model maker from moving forward with developing an AI device or other products based on Apple's technology. The iPhone maker also claims that more of its former employees may be involved with the trade secrets theft.
Warren Buffett's latest 13F filing, disclosing holdings as of March 31, and filed May 15, still concentrates Berkshire Hathaway's public-equity firepower in just five names.
Nitto Boseki is a critical supplier of T-Glass for advanced chip packaging, serving NVIDIA, Apple, and other major semiconductor players. NBCLF's Electronics Materials segment drives 84% of operating profit with expanding margins, reflecting strong demand and pricing power amid the AI boom. Trading at a trailing GAAP P/E of 11.09x, NBCLF is undervalued relative to sector peers, with a rerating justified by superior profitability and sector positioning.
Apple delivered record Q3 2026 results, led by strong iPhone and Mac sales, but faces emerging margin headwinds. Gross margin expansion was buoyed by a one-off tariff refund; underlying margins are pressured by rising memory costs and supply constraints. I downgrade AAPL to Hold as recent price appreciation and margin risks limit the annualized upside below my 10% threshold.
Apple filed a request for a preliminary injunction on Monday before a California Federal Court to prevent its former employees and OpenAI from “accessing, acquiring, using or disclosing Apple's trade secrets.” Apple also wants the injunction to block the plaintiffs from soliciting or encouraging others to access its secrets and “stop destroying, deleting or concealing evidence.
Apple has launched a new legal challenge against a U.K. attempt to get access to British users' encrypted data. It comes a year on from the U.K. dropping a previous order for American and British users' encrypted data after political pushback from Washington.
Apple accused OpenAI of stealing trade secrets in a July complaint. OpenAI is hitting back at some of Apple's claims, citing communication errors.
One of the biggest technology and consumer electronics companies in the world, Apple (NASDAQ: AAPL), is due to pay its next quarterly dividend next week on August 13 to all shareholders owning the stock by August 10, 2026: the ex-dividend date.
At $308.91, Apple (NASDAQ:AAPL | AAPL Price Prediction) is a Hold.
The mega-cap tech trade got interesting again this summer. Apple (NASDAQ: AAPL | AAPL Price Prediction) is up 13.84% year to date, Alphabet (NASDAQ: GOOG) has gained 85.46% over the past year, and Amazon (NASDAQ: AMZN) just posted its fastest AWS growth in 18 quarters.
Following a wave of mega-cap earnings, Meta Platforms (NASDAQ:META | META Price Prediction) at $556.71 screens as attractive, Apple (NASDAQ:AAPL) at $308.91 looks fairly valued, and Amazon (NASDAQ:AMZN) at $271.58 screens as attractive.