Apple Inc's shares on Monday hit a record high for the first time in 17 months, as the stock got a boost ahead of its annual software developer conference where it is expected to launch a mixed-reality headset.
The world's most valuable listed company was last up 1.2% at $183.25 in early trading. The headset would be Apple's first big move into a new product category since the introduction of Apple Watch nine years ago.
Apple is among a handful of megacap tech-focused firms that have underpinned main stock indexes this year, as enthusiasm over advances in AI helps fuel a rally. Apple shares have jumped nearly 40% in 2023, compared with an 11.5% rise in the benchmark S&P 500.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
