Apple stock achieved a new milestone in the stock market by reaching its highest price in history during today’s session.
Apple reaches all-time intraday high
Apple stock reached its highest price in history this Tuesday, October 15. The intraday high, which refers to the highest price reached by a stock during trading hours, is an important indicator for analysts and investors.
“Breaking past the previous record suggests that the market is positively evaluating Apple’s recent initiatives, such as the launch of new products or the financial results of the last quarter,” said market analysts.
It is important to note that reaching an intraday all-time high does not guarantee that the stock will close at that level at the end of the session. It should be noted that Apple has significant weight in indices such as the Nasdaq and the S&P 500, which could boost them upwards.
Besides, Apple is very close to surpassing Samsung in global salesaccording to the latest data from Canalys for the third quarter of 2024. Although Samsung remains the market leader, the gap has narrowed dramatically.
On Monday, shares of Nvidia they closed in all-time highsplacing the manufacturer of artificial intelligence chips (AI) close to dethroning Apple like the most valuable company in the world.
Source: Ambito
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