Apple Inc. (NASDAQ: AAPL) has reached a new all-time high, trading above $240 for the first time in its history, with shares recently hitting $241. The company's market capitalization has surged to approximately $3.66 trillion, making it the most valuable company in the world, surpassing Nvidia's $3.4 trillion and Microsoft's $3.2 trillion. This milestone marks a significant gain of 7.5% for the stock, contributing to a bullish sentiment among investors. Several analysts noted that the stock's performance is indicative of a broader strength in the technology sector, particularly among the so-called Magnificent Seven stocks, which also include Tesla and Meta. As of December 2, 2024, AAPL's rise has been characterized by a breakout from a bullish range, further solidifying its position in the market.