Tech Giants Apple, Micron, and Qualcomm Soar to New Heights

Shares of Apple (AAPL), Micron Technology (MU), and Qualcomm (QCOM) all reached new highs on Thursday, driven by strong demand for artificial intelligence-driven products and Wall Street optimism.

AAPL stock climbed to a 52-week high of $292.13 in intraday trading before closing the day about 0.01% lower, reflecting investor confidence in its products and technology.

iPhone sales have been steadily increasing, with a 21.7% rise in the latest quarter, marking the second consecutive quarter of growth above 20%. The company's second-quarter results also beat market expectations, and guidance for the upcoming quarter was strong.

Micron Technology stock jumped to an all-time high of $683.09 during market hours on Thursday, amid surging chip prices and a memory shortage that is widening the supply-to-demand gap.