Apple Surges to All-Time High as Company Nears $3 Trillion Valuation

Apple Inc. shares reached a new all-time high on Monday, marking the first time in over a year that the stock has reached such levels. Apple's share price reached $183.79, a 1.6% increase, as of Monday's close. Investors have favored Apple for its stability, strong financial position, and reliable revenue streams, making it a haven during market turbulence and banking sector turmoil. Apple's recent financial results exceeding expectations and plans for retail expansion have further boosted investor optimism. Its gains have propelled its market capitalization to $2.89 trillion, inching closer to the historic milestone of a $3 trillion valuation, solidifying its position as a major player in the global economy. In 2023, Apple's stock has surged more than 41%, outperforming the 35% gain of the Nasdaq 100 Index.