You’re probably going to see a lot of stories like this in the coming weeks. Apple stock opened at a record $680 a share this morning, on the first day of trading following the Cupertino company’s massive victory over Samsung on Friday. This surpasses its previous record of $674.88 a share, which was hit last Tuesday, August 21, and it pushes Apple’s market capitalization to a new high of $637 billion.
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Last week, analyst Andy Zaky revealed that investors are scrambling to plough their money into Apple before the company releases its iPhone 5, and that its stock price will continue to rise for the foreseeable future. And unsurprisingly, Zaky was right. Apple stock hit an all-time high of $636.64 last Friday, but that’s nothing compared to today’s price of $660.73, which makes Apple the most valuable publicly-traded stock of all time.