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Apple Shares Surge to Record High as Rally Picks Up Steam

  • ‘Time to start buying again,’ JPMorgan says in optimistic call
  • Apple lagged megacap tech stocks in the first half of 2021
Apple Begins Selling New M1 iPad Pros And iMacs
Photographer: Nina Riggio/Bloomberg

Apple Inc. rallied to close at record high Wednesday amid optimism on its corporate growth outlook for the second half of the year.

It gained 1.8% to close at $144.57, smashing its January peak as some on Wall Street forecast a stronger rally over the next six months with iPhone sales poised to climb. It rose for a seventh day, the longest winning streak since April, propelling its market value to $2.4 trillion. Its shares remain slightly below an intraday record of $145.09, also set in January.