Apple (AAPL) Heads for Record Close as Tech Shares Rebound

Apple (AAPL) rose nearly 2% on May 13, 2026, trading just below $300 a share and putting the stock on track for a record close as technology shares rebounded from the prior session’s sell-off. The move extends a recent rally in Apple and other Magnificent Seven stocks as investor appetite for AI-linked trades strengthens. Apple shares jumped earlier in May after quarterly results topped estimates, helped by stronger iPhone and China sales. The stock is up more than 20% from the market lows on March 30, 2026. Apple had lagged other megacap technology winners for much of the bull market that began after the October 2022 lows, partly because investors viewed the company as slower to invest in AI than other hyperscalers. CEO Tim Cook is in China with President Donald Trump’s delegation for a summit with Chinese leader Xi Jinping.