
Apple Inc. (NASDAQ:AAPL) stock soared to a new 52-week high on Tuesday, closing at $242.65, despite a general market slowdown. Wedbush's Dan Ives reacted to it, reiterating his belief that the iPhone 16 is the "start of a super cycle."
What Happened: AAPL stock rose by 1.3% on Tuesday, pulling up the broader Nasdaq Composite index. This also represented Apple’s best three-day performance since Oct. 10, when it gained 3.3%.