Apple Hits Fresh Record Near $305 on Q2 Beat and $100B Buyback

Apple shares advanced to a fresh all-time high of $304.99 on May 22 after reporting robust Q2 FY26 results. The move extends a rally that began with June options trading at $298.25 on May 18 and continued through analysis on May 19 showing the stock at $297.84 with overbought RSI of 71.7. Strong fundamentals including 16.6% revenue growth to $111.18B, record Services revenue of $30.98B, a $100B buyback and CEO transition from Tim Cook to John Ternus supported the advance. However, stretched valuations near 34x forward P/E and a consensus target implying just 1% upside have kept the rating at Hold.