Apple is testing memory chips from Chinese supplier CXMT for its devices to address a global memory shortage driven by the AI boom, facing regulatory hurdles.

Apple is challenging a UK technical capability notice at the Investigatory Powers Tribunal over government demands to decrypt user iCloud data.

Apple surpassed Wall Street revenue and profit expectations in its fiscal third quarter, fueled by strong iPhone and Mac demand.

Apple briefly crossed a market capitalization of $5 trillion for the first time during intraday trading, making it the second company in history to reach the milestone.

The Nasdaq-100 index slid into correction territory following a severe global sell-off in semiconductor and memory stocks driven by AI infrastructure spending concerns.

Australian equities face a lower open following a sharp slip in crude oil prices and a tech sell-off that stripped Nvidia of its top market cap ranking.

Apple's market capitalization briefly eclipsed Nvidia's as the company gained momentum ahead of its fiscal third-quarter earnings report on July 30.

Major equity indexes finished in positive territory as a decline in the Producer Price Index signaled cooling inflation, shifting expectations for Federal Reserve policy.

Elon Musk has supported Apple in its trade secret lawsuit against OpenAI, which alleges the theft of proprietary hardware secrets and designs. The legal action adds further uncertainty to OpenAI's corporate governance and strategic plans.

Apple is suing OpenAI and its subsidiary io Products over allegations that the firm systematically recruited former staff to misappropriate proprietary hardware data.

Apple alleges that OpenAI systematically targeted former employees to obtain confidential technical specifications and documents for its hardware business. OpenAI has denied the claims of intellectual property theft.

Apple is suing OpenAI in federal court, alleging that the company misappropriated hardware trade secrets and recruited over 400 former Apple employees.

Apple has committed to a multi-year, $30 billion agreement with Broadcom to produce advanced wireless components at a facility in Fort Collins, Colorado.

Broadcom shares climbed following a new agreement to provide silicon products to Apple, boosting the S&P 500. Meanwhile, the administration introduced new investment accounts for children under 18.