Apple's Stock Price Reaches All-Time High After WWDC Announcements

Apple's stock price has crossed the $200 mark and reached a new all-time high in intraday trading, one day after the company unveiled its Apple Intelligence suite of AI features coming with iOS 18, iPadOS 18, and macOS Sequoia.

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Apple's stock price has split five times since the company went public, including on a 4-for-1 basis in 2020 most recently. This means that Apple's stock price would be over $45,000 today if it had never been split, and all other things being equal.

Generative AI has been a hot topic ever since ChatGPT debuted in 2022, and investors had been waiting for Apple to unveil its own plans for the technology.

Nvidia briefly surpassed Apple to become the world's second most valuable company last week, amid strong demand for its AI server chips, but Apple has now regained second place with a $3.1 trillion market cap as of writing. Apple now trails only Microsoft, which has a nearly $3.2 trillion market cap as of writing.

Apple Intelligence features are not included in the first developer betas of iOS 18, iPadOS 18, and macOS Sequoia, but they will be available this summer. Even when the features launch to the public later this year, they will still have a beta label. Read our coverage of the Apple Intelligence announcement to learn more about the new capabilities.

Tag: AAPL

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Top Rated Comments

iJulio Avatar
1 week ago
Apple Intelligence is going to be the “AI” that most normal people use day to day, and from what I saw during the presentation yesterday, a lot of it is simple and makes sense for it’s use case.
Score: 39 Votes (Like | Disagree)
spazzcat Avatar
1 week ago
Wait people were claiming the 2% dip yesterday was the end of Apple.
Score: 37 Votes (Like | Disagree)
nicolas_s Avatar
1 week ago
But people said on social media that it was the worst WWDC ever, how is it possible?
Score: 21 Votes (Like | Disagree)
JordanCautious Avatar
1 week ago
I’m ngl. I think Apple has the branding down. “Apple Intelligence” takes away the corporate feel of ‘AI’ and the tagline “AI for the rest of us” is smart. Also the fact that it’s opt-in is amazingly smart. Now we just need to see the execution's of the AI itself. Or I should say, Siri 2.0.

Personally, I think the underreported fact that GPTK2 has AVX support is enough to buy some stock cause that could significantly improve Mac Gaming
Score: 19 Votes (Like | Disagree)
Macisawesome Avatar
1 week ago

('https://www.macrumors.com/2024/06/11/aapl-all-time-high-wwdc-2024/')

Apple's stock price has crossed the $200 mark and reached a new all-time high .
Funny the people that were posting on here yesterday said stock was tanking,
wonder where they are now
Score: 18 Votes (Like | Disagree)
Apple Fan 2008 Avatar
1 week ago
I remember people losing it over the 2% dip yesterday.
Score: 17 Votes (Like | Disagree)