Apple’s (AAPL) stock closed on June 12 at a record high of $183.79 U.S. per share as hype surrounding artificial intelligence (A.I.) fuels a technology rally.
The record high for Apple’s stock also comes a week after the company unveiled a new augmented reality headset called the “Vision Pro,” its first new product since 2014.
Analysts are optimistic that the headset, which will cost $3,500 U.S., will attract consumers due to Apple’s strong brand and technology.
Last week, Apple also introduced a bigger MacBook Air laptop computer and major updates to the iPhone, iPad and Apple Watch operating systems.
The stock’s new all-time high has been achieved on a split adjusted basis. Apple’s market capitalization now stands at $2.89 trillion U.S., according to data from FactSet.
In the last 12 months, Apple’s stock has risen 40% and is up 289% over five years.
