Investors bid Apple stock to a record as anticipation builds for new software and AI announcements at WWDC 2024.
Apple Inc. shares reached an intraday high of USD 221.45, surpassing the previous record set in January. The rally comes ahead of the company’s Worldwide Developers Conference, where analysts expect major updates to iOS, macOS, and AI integrations.
Prior to the event, consensus estimates projected a 3-5% lift in software-related revenue for fiscal Q3. Comparable pre-WWDC rallies in 2022 and 2023 averaged 4.2% over the preceding month.
Trading volume exceeded the 30-day average by 18% in the session, with no immediate catalyst beyond event-driven positioning.