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Apple Hits Record High at $333.26, Market Cap Reaches $4.89 Trillion on July 16

2026-07-16 23:16:18

MSFT1.39%

AMZN-1.96%

META-2.46%

According to Barron's Magazine, Apple hit a fresh record high on July 16, with the stock rising 1.7% to $333.26 per share and market cap climbing to approximately $4.89 trillion. This marks the second consecutive trading day of new highs. The magazine noted that Wall Street views Apple as an "anti-AI" investment due to its more measured AI spending strategy compared to other Magnificent Seven tech giants including Alphabet, Microsoft, Amazon, and Meta, which have invested hundreds of billions in AI development.

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