Apple Stock Soars to Record High on iPhone 17 “Supercycle” Buzz – Will the Rally Last?
Apple’s share price surged to a record peak on Oct. 20 as investors piled in on upbeat news about the iPhone 17 launch. The stock jumped nearly 4%, closing around $262 – a new all-time high that eclipses the previous peak of $259 set last yearappleinsider.com. In intraday trading, AAPL reached as high as ~$264, briefly valuing the company at about $3.9 trillion, the highest ever and putting Apple within striking distance of the unprecedented $4 trillion marktradingnews.comtradingnews.com. This rally marked a sharp sentiment shift for Apple, which until recently had been lagging behind other tech giants in 2025. Even after this jump, Apple’s stock is only up roughly 5% year-to-date, far behind high-fliers like Nvidia or Microsoft that have ridden 2025’s AI stock boomts2.tech. The late-year surge has helped Apple narrow that gap, with its shares gaining about 22% over the past three months alone – outpacing the S&P 500’s ~11% gain in the same periodtradingnews.com. What’s driving the breakout? A powerful mix of booming iPhone sales and positive analyst signals ignited Monday’s rally. New data from research firm Counterpoint revealed that Apple’s latest iPhone 17 series is outselling last year’s iPhone 16 by ~14% in the first ten