Apple Hits All-Time High of $317.31, Adds $650B in Market Value Amid Semiconductor Rout

According to Bloomberg, Apple stock hit an all-time high of $317.31 on July 13, gaining 16% from its June 25 low and adding roughly $650 billion to its market value in two months. Over the same period, the Philadelphia Semiconductor Index (SOX) fell about 10%.

Investors are reassessing Apple as a "safe haven" amid growing concerns about the profitability of AI infrastructure investments. Mark Bronzo, chief investment strategist at Leerays Strategic Partners, noted that investors have returned to stable Apple as doubts grow over actual returns from massive AI spending, while the semiconductor sector has advanced too far ahead.