Apple's stock saw a nearly 3% increase in pre-market trading following the announcement of its second fiscal quarter revenue, which surpassed market expectations at $111.18 billion. The company also authorized a substantial $100 billion stock repurchase program and raised its dividend to $0.27 per share. This surge contributed to the US stock market's total market capitalization reaching a new all-time high of over $75 trillion, with Nvidia, Google, and Apple leading the valuation charts. AI
IMPACT Apple's financial performance and stock buyback may influence investment in AI-related hardware and software development.
RANK_REASON Significant stock performance and buyback authorization from a major tech company.
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