Apple shares closed over $300 for the first time as investors look past AI concerns

Apple shares closed at a new record high above $300 after investors rewarded the company's stronger-than-expected earnings, surging Services revenue, and massive $100 billion buyback despite continued criticism of its delayed AI rollout.


Apple shares closed at a new record high of $300.23 on May 15, surpassing both the $300 mark and the company's previous closing record of $287.51 set on May 6. Earlier in 2026, investors worried about delayed Siri features, slowing hardware growth, tariff exposure, and growing competition in generative AI.

Apple stock briefly reached a 52 week high during the trading day of $303.20.

The rally accelerated after Apple reported $111.2 billion in revenue and earnings per share of $2.01 for the quarter ending March 28, both above Wall Street expectations. The company also approved another $100 billion stock buyback and raised its quarterly dividend to $0.27 per share.


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