Apple shares have traded near record levels around $347–$349 in late October 2026, buoyed by the October 23 launch of the $2,000 foldable iPhone Duo, which drew strong pre-order demand and prompted raised shipment targets. The stock briefly topped Nvidia to reclaim the title of world’s most valuable company at a $5.1 trillion market cap, reflecting a 27% year-to-date gain amid investor preference for Apple’s cash-flow stability over heavy AI spending elsewhere in tech. With the October 26 close just days away and fiscal Q4 results due November 2, near-term price action hinges on sustained momentum from the new device rollout and broader market risk appetite rather than earnings data.