WS #11905
Apple files lawsuit against OpenAI alleging theft of trade secrets and poaching of employees, adding legal risk to OpenAI's planned IPO. Nvidia lost $1 trillion in market value since May, with stock down 16% from peak, now trading at forward P/E of 18 below S&P 500's 20+, indicating rotation out of AI leaders.
Apple Sues OpenAI for Trade Secret Theft
Apple files lawsuit against OpenAI alleging theft of trade secrets and poaching of employees, adding legal risk to OpenAI's planned IPO.
Nvidia lost $1 trillion in market value since May, with stock down 16% from peak, now trading at forward P/E of 18 below S&P 500's 20+, indicating rotation out of AI leaders.