Shares of Apple Inc (NASDAQ: AAPL) have been setting record highs in recent sessions, and are currently sitting around $310. It’s been a solid couple of weeks for the tech giant, as it looks to extend a run of more than 25% in less than two months.
Yes, the stock's relative strength index (RSI) is nudging into stretched territory, and its price to earnings ratio (P/E) is at one of its highest levels in more than a decade—both worth keeping an eye on. But in the context of a company whose AI ambitions are still gaining traction with the market, neither reading is necessarily a reason to step back.
