Apple Shares Rise on Record Earnings and $100 Billion Buyback Plan
Apple's stock rose by 3.28% following record quarterly results, strong guidance, and a new capital-return plan of up to $100 billion. The S&P 500 gained 0.28%, while the Nasdaq Composite climbed 0.89%. Analysts are optimistic about Apple's potential AI benefits despite its limited capex spending.
Topics: AI adoption Apple buyback announcement stock performance