In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $3.52, or 1.62%, to $220.27, a new all-time closing high. Today’s intraday high was $220.38, also an all-time high for Apple stock.
Apple’s 52-week low stands at $164.08.
Monday’s trading volume for AAPL shares was 55,367,984 versus Apple’s average trading volume of 68,886,90 shares.
Apple’s PE Ratio currently stands at 34.20.
Apple currently has a market value of $3.378 trillion, making it the world’s second-most valuable company.
The top five U.S. publicly-traded companies, based on market value:
- Microsoft (MSFT) – $3.414T
- Apple (AAPL) – $3.378T
- NVIDIA (NVDA) – $3.017T
- Alphabet (GOOGL) – $2.298T
- Amazon (AMZN) – $2.081T
Selected companies’ current market values:
• Meta Platforms (META) – $1.292T
• Taiwan Semi (TSM) – $910.831B
• Berkshire Hathaway (BRKA) – $878.523B
• Tesla (TSLA) – $737.534B
• Walmart (WMT) – $547.604B
• Netflix (NFLX) – $292.832B
• Advanced Micro Devices (AMD) – $265.576B
• Adobe (ADBE) – $251.723B
• Cisco (CSCO) – $190.482B
• Disney (DIS) – $178.621B
• IBM (IBM) – $162.877B
• Intel (INTC) – $132.261B
• Sony (SONY) – $105.941B
• Dell (DELL) – $101.764B
• Spotify (SPOT) – $97.150B
• SoftBank (SFTBF) – $93.080B
• Hewlett-Packard (HPQ) – $34.054B
• Nokia (NOK) – $21.701B
• SiriusXM (SIRI) – $11.925B
• Sonos (SONO) – $1.753B
• BlackBerry (BB) – $1.494B
• RealNetworks (RNWK) – $34.560M
Apple all-time high (AAPL) via NASDAQ here.
MacDailyNews Take: To the moon, Alice! To the moon!
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https://x.com/charliebilello/status/1808166879443517737
Same author, further in the thread: https://x.com/charliebilello/status/1808176421539356818
Diff poster, same thread: “4/5 past quarters with declining revenue. This price action is just absurd!”
I love my AAPL stock and find this info valuable/interesting, at least. AAPL bedwetters that only see/care “price go up,” are to be offended.
Stock prices are usually forward looking. That is, a rising price is an expectation of better performance in the future, not a reward of past earnings. Apple’s share price is going up because investors expect that with the development of AI Apple’s business will increase in the future.
Did you miss rev dropping last 5 qrts and buy backs at record levels? In the past, buybacks were illegal for a reason. Statements aren’t definitive, but these are relevant factors.
What’s amazing is that Apple hardly spent any money creating an A.I. infrastructure such as buying tens of thousands of A.I. processors and specific A.I. data centers as most tech companies have. Most tech companies have spent billions of dollars to dominate in LLM creation. Apple doesn’t seem interested in solving the world’s problems using A.I. Apple will make money by selling hardware to consumers instead of selling A.I. fantasies to companies. Apple has been considered an A.I. laggard but it’s still doing well without a massive A.I. boost.
And besides positive feel-good sentiment like what you expressed, Apple has yet to prove that this “strategy” of leading from behind will bear fruit. Yes lots of people will buy new iPhones on the promise of a better Siri but we haven’t seen anything yet besides pre-recorded demos. If the new AI Siri is shown to just be lipstick on the same old pig, enthusiasm for the iPhone and stock will quickly deflate.
Yahoo, keep up the great work Apple!