Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. (NASDAQ:AAPL) in two decades following the artificial intelligence company’s $6.5 billion acquisition of former Apple design chief Jony Ive‘s hardware startup. What Happened: “The real risk for AAPL is whether the threat of these devices from OpenAI compresses Apple’s multiple,” Munster wrote on X, highlighting concerns about the iPhone maker’s