Apple Stock Hits Record $317.31 as Market Cap Gains $650B in Two Months

According to Bloomberg, Apple's stock price closed at $317.31 on July 13 (local time), reaching an all-time high on a closing basis. The stock has surged approximately 16% since hitting a low of $275.15 on June 25, expanding its market capitalization to $4.66 trillion, representing a gain of roughly $650 billion over the two-month period.

The rally reflects a shift in investor sentiment as concerns mount over profitability in AI infrastructure investments. Capital has migrated toward Apple as a relatively stable asset, according to market analysts, particularly as semiconductor stocks have declined and the broader market shows weakness. The Philadelphia Semiconductor Index fell 10% over the same period, while the S&P 500 rose 3% and the Nasdaq-100 gained 0.3%.