Apple Stock Soars to Record High

Surge Follows Announcement, Positive Investor Sentiment

Stock Hits Intraday Record Since December

Apple Inc.'s AAPL stock surged 7% on Tuesday, reaching a record-high close for the first time in 2024. The gains came after the company's keynote presentation on Monday, where it showcased new products and services. Investors were particularly impressed by the announcement of a new iPhone model with advanced features.

The positive investor sentiment around Apple has been building in recent months. The company's strong financial performance and innovative product pipeline have led analysts to raise their price targets. Additionally, the overall market has been bullish, which has helped support Apple's stock price.

Apple's stock has been on a tear in recent years. In 2023, the stock gained over 50%, making it one of the best-performing stocks in the market. The company's strong growth prospects and loyal customer base are expected to continue to drive the stock price higher in the future.