Apple Stock Fades Momentum Amid OpenAI Trade Secrets Lawsuit

Apple's stock is currently trading at $314.88, up 1.25% on the day.

The price sits above its key short-term average but remains below the medium-term mark, while holding above major long-term trend levels.

OpenAI has moved to dismiss Apple's trade secrets lawsuit, arguing that the claims lack merit and describing Apple's characterizations of employee actions as distorted.

Apple has sought a preliminary injunction in the US District Court for the Northern District of California to prevent OpenAI and two former Apple engineers from accessing or sharing confidential data while litigation continues.