Apple Shares Soar Most Since 2022 on Hope AI Will Fuel Upgrades
- The return to all-time high comes after Monday conference
- Shares have underperformed most other big tech names this year
Tim Cook, John Giannandrea, and Craig Federighi during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California on June 10.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. shares rallied to their first record since December on Tuesday, as investor sentiment around the iPhone maker continues to improve.
Shares soared 7.3% to $207.15 in their biggest one-day jump since November 2022. The gain added $215.1 billion to the company’s market capitalization, making for one of the biggest single-day value adds by any company in history, according to data compiled by Bloomberg. The stock added another 0.3% in extended trading.