Apple's stock price extended its gains on Tuesday and rose to a record high intraday, thanks to optimistic market expectations that the company would benefit from the launch of the artificial intelligence iPhone. The stock once rose 2.7% to $237.49, the first record high since July. This wave of gains has consolidated Apple's position as the world's largest company, with a market capitalization exceeding 3.6 trillion US dollars. While big tech companies have risen broadly, Apple's performance has been particularly strong. The stock is up 37% over the past six months, more than double the 15.5% increase in the Nasdaq 100 Index.

Apple's stock price extended its gains on Tuesday and rose to a record high intraday, thanks to optimistic market expectations that the company would benefit from the launch of the artificial intelligence iPhone. The stock once rose 2.7% to $237.49, the first record high since July. This wave of gains has consolidated Apple's position as the world's largest company, with a market capitalization exceeding 3.6 trillion US dollars. While big tech companies have risen broadly, Apple's performance has been particularly strong. The stock is up 37% over the past six months, more than double the 15.5% increase in the Nasdaq 100 Index.