Here's Why Apple Stock Climbed Nearly 50% Last Year
Shares of (NASDAQ: AAPL) rose 48.2% in 2023, according to data from S&P Global Market Intelligence. The stock climbed last year thanks to a combination of strong operational performance and swelling investor optimism.
Investors aggressively bought shares in reliable, high-quality businesses last year, especially if they provided some upside potential relative to mature value stocks. Apple's ability to navigate a challenging macroeconomic environment created surging investor confidence, and the stock benefited as a result.
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Source Fool.com
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