Apple’s War On OpenAI Just Got Personal

Apple’s War On OpenAI Just Got Personal – Prof G Markets

Market views

Bearish

OPENAI— OpenAI faces significant legal risk from Apple's trade secrets lawsuit with preliminary injunction that could delay or cancel their hardware launch, representing major operational and strategic threat.
XAI— SpaceX (xAI) remains significantly overvalued at current levels despite 50% decline from highs, with analyst fair value estimate at $62 versus current price around $110, citing unsustainable business model with massive losses and customer concentration risk.
ANTHROPIC— Anthropic shows severe financial instability, needing to borrow $36B from Blackstone despite raising $167B, indicating the company is burning cash faster than it can raise it and remains deeply unprofitable despite claims of approaching profitability.
AILABS— Frontier AI labs as a sector face existential profitability crisis, with leading companies like OpenAI and Anthropic burning unsustainable amounts of capital, suggesting potential collapse of the AI trade if profitability cannot be achieved.

Not investment advice.