Apple hits a new all-time high

Munster: Keep betting on Apple
Munster: Keep betting on Apple

Shares of Apple's stock set another record on Tuesday, setting an all-time intraday high.

Apple rose nearly 1 percent on Tuesday and briefly passed the previous record of $134.54, set in April 2015. The record-setting trading came after Apple set a new record closing high on Monday of $133.29 a share.

Apple is a closely watched stock, thanks to its massive size as the most valuable publicly traded company in the world.

Apple CEO Tim Cook
Justin Sullivan | Getty Images

Hitting a market capitalization of around $701 billion on Monday, Apple briefly crested the $700 billion level it last broke in February 2015. Because of share buybacks, Apple would have to touch above $147.41 to set a new market value record.

Wall Street has given positive outlooks for the next iPhone, as Apple returned to revenue growth this year.

Microsoft, Alphabet, Netflix and Facebook have hit all-time intraday highs this year. With Apple, Alphabet, Microsoft, Amazon and Facebook all near records, their total market capitalization of $2.57 trillion accounts for 13 percent of the S&P 500, according to Factset.

The S&P 500, Dow Jones industrial average and Nasdaq all hit record highs on Monday, despite trading in relatively narrow range for most of 2017.

— CNBC's Ari Levy, Bertha Coombs and Robert Hum contributed to this report.