Apple Shares Rise to $298.49 on AI Push and $100 Billion Buyback

On June 19, bullish coverage highlighted three reasons to own Apple, driving shares to $298.49 with a $4.3 trillion market cap. The narrative evolved from a June 18 industry report praising Apple’s mid-teens June-quarter revenue growth alongside Dell’s AI server surge to today’s focus on expanding Apple Intelligence features, a potential foldable iPhone, and an extra $100 billion repurchase authorization. Apple has gained 51% over the past year, outpacing the S&P 500’s 25% advance, as investors weigh tariff risks against AI-driven product upgrades and robust capital returns.