Apple (AAPL); Stock Hits All-Time High as Market Cap Tops $4.9T
TLDR
- Apple stock rose 3.55%, outperforming the Technology Equipment sector’s 0.40% decline.
- AAPL climbed above $333, pushing Apple’s market value past $4.9 trillion.
- Baird raised its Apple price target to $330 from $310 and kept an Outperform rating.
- Apple will report earnings on July 30, with options markets pricing a 3.5% stock move.
- Investors are watching Siri AI, M6 Mac launches, Apple Upgrade, and Ford’s MapKit adoption.
Apple stock climbed to a fresh record as investors moved into the iPhone maker before earnings, supported by AI optimism, product updates, and analyst upgrades.
Apple Stock Outperforms Broader Tech Market
Apple Inc. shares rose 3.55%, outperforming the Technology Equipment sector, which fell 0.40% during the session. The move came as several high-turnover technology names traded lower.
Micron Technology fell 4.38%, SanDisk dropped 5.87%, and Intel declined 2.96%. Apple’s gain stood out because investors continued buying the stock while chip and hardware peers faced pressure.
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