Apple shares rose 5.3% to close at a record $349.51 on Wednesday, November 4, 2026 — their biggest single-day gain since May 2025 — after hitting an intraday record high of $354.50.
The rally pushed Apple’s market value above $5 trillion — $5.08 trillion at Wednesday’s close — widening its lead over Nvidia, worth $4.82 trillion at the close. Apple’s previous record closing high was $348.91 on October 29, 2026. The stock is up about 29% over the past year and about 28.7% year to date.
The Dow Jones Industrial Average closed up 1,569.40 points, or 3.03%, at 53,356.12 on November 4 — its best day since April 9, 2025 — while the S&P 500 rose 1.6%.
Apple reported quarterly revenue of $114.5 billion and earnings per share of $2.10, beating Wall Street expectations, with iPhone revenue of $57.6 billion. Its December-quarter revenue forecast calls for 7% to 10% growth.
Analysts linked part of the rally to expectations that slower data-centre construction could ease pressure on memory chip prices, supporting Apple’s margins. Bernstein raised its Apple price target to $380 from $370.
Read also: Apple opens Siri to third-party apps in iOS 27.3 and SpaceX Starship Flight 15 pulls off double catch
Bhudev Bhagaliya is an experienced and senior journalist who has carved a distinct niche for himself in the world of Hindi journalism through his profound understanding and precise writing style. With over two decades of experience in the field of journalism, he has held key responsibilities at Dainik Hindustan for 12 years and at Amar Ujala for one year. Currently, he serves as the Content Editor for the Jagrook Youth News newspaper and portal, where he plays a crucial role in ensuring the quality and credibility of the news content. Bhudev Bhagaliya consistently writes about issues that help raise awareness within society and among the younger generation.