Keep pulling the thread on Elon Musk.
Alex Kantrowitz believes Apple will not settle its lawsuit with OpenAI and will instead pursue a judge's ruling, which would involve a painful discovery process for OpenAI.
A potential outcome of the Apple lawsuit is a judge forcing OpenAI to unwind its hardware production to the very beginning.
Apple filed a lawsuit in federal court on Friday accusing OpenAI of stealing trade secrets to build its own hardware business.
According to third-party sources, ChatGPT has one billion users.
The 15% drop in SK Hynix's stock caused the KOSPI index to fall 9%, forcing regulators to pause trading.
Samsung and SK Hynix now represent more than half of the entire market capitalization of the South Korean stock market.
According to President Trump, the United States will reinstate its naval blockade of the Strait of Hormuz.
President Trump plans to charge a 20% fee on all cargo that passes through the Strait of Hormuz during the reinstated blockade.
Since late May, 16 single-stock leveraged ETFs tracking Samsung and SK Hynix have tripled in size to over $9 billion in assets.
Leveraged ETFs tracking Samsung and SK Hynix, along with the stocks themselves, account for over 70% of all trading volume in South Korea.
SK Hynix shares plunged more than 15% in Korea yesterday, its biggest single-day drop ever.
A negative outcome in the Apple lawsuit could be damaging to OpenAI's case for its initial public offering.