Reported about 17 hours ago
Apple Inc. shares have soared to a record high, reaching $237.49, driven by optimism surrounding the new AI-powered iPhones and a strong market performance. The stock has gained 37% in the past six months, outpacing the Nasdaq 100 Index, and has solidified Apple's position as the world's largest company with a valuation exceeding $3.6 trillion. Investor confidence remains robust despite concerns about competition in the Chinese smartphone market, with analysts noting expected growth from developing markets and heightened upgrade demand in the U.S.
Source: YAHOO