TECH - Apple Microsoft Amazon Shares Soar To New All-Time Highs: Where's The Momentum Coming From? | Benzinga
Three stocks in the Magnificent Seven are hitting new all-time highs in Tuesday trading. Here’s a look at what may be driving strength in several tech giants this week.
What To Know: Mega-cap market leaders Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT) and Amazon.com Inc (NASDAQ:AMZN) are reaching new heights in Tuesday’s trading session.
The movement in the trio of big tech stocks appears to be due to continued optimism surrounding the rapid advancement of artificial intelligence and the efficiency gains that could result from the technology’s rollout.
Apple shares lagged the broader market for most of the year until shares began perking up in anticipation of the company’s annual Worldwide Developers Conference in early June. The conference did not disappoint, as analysts quickly raised price ...