Apple Inc (NASDAQ:AAPL) shares are moving higher on Monday. OpenAI rolled out a new standalone coding assistant app that's currently available only on Apple computers. Here’s what you should know.
Codex App Brings New Tools to Apple Developers
OpenAI introduced a dedicated app for its AI‑powered coding assistant, Codex, giving all ChatGPT users on Apple devices temporary access, CNBC wrote. The app acts as a centralized workspace where developers can run and manage multiple AI agents at once, each operating in its own project‑based thread.
OpenAI CEO Sam Altman described Codex as "the most loved internal product we've ever had," noting that he's been "staying up late at night with excitement" using it himself. The company says more than 1 million developers have used Codex in the past month.
With the launch, OpenAI is opening Codex to free users and those on its low‑cost Go plan for a limited time. Paid users are also getting a temporary boost, with rate limits doubled across all tiers.
Apple Explores New Foldable iPhone Designs
In separate news, Apple is reportedly exploring a second foldable iPhone concept even before its first model hits the market. While the company is still months away from releasing its initial foldable, which is expected to feature a 5.5‑inch outer display, Apple is already testing a smaller, clamshell‑style version in its labs, Bloomberg revealed.
A Look At Apple’s Technical Setup
Apple stock is currently trading 3.7% above its 20-day simple moving average (SMA) but is 0.4% below its 50-day SMA, indicating some short-term volatility. Over the past 12 months, shares have increased 17.19%, and they are currently positioned closer to their 52-week highs than lows, reflecting a generally positive trend.
The RSI is at 48.26, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum.
The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while there is some strength, traders should remain cautious.
- Key Resistance: $277.50
- Key Support: $243.50
AAPL Price Action: Apple shares were up 3.42% at $268.35 at the time of publication on Monday, according to Benzinga Pro.
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