Apple Inc. (NASDAQ:AAPL) shares are currently riding a spectacular rally, signaling the market’s enthusiastic response to the quarterly report from the Cupertino-based tech giant. Friday’s surge amounted to over 7%, marking its strongest single-day performance since November 2022, when Apple saw an increase of over 8%. This remarkable uptick has led to a significant technical milestone: Apple has now surpassed the barrier of its 200-day moving average, a feat it hadn’t achieved since the end of January 2024. Chart: Apple Set For Best 1-Day Performance Since November 2022 What Happened Apple reported a marginal double beat last quarter, with sales at $90.75 billion (vs. $90.37 billion expected) and earnings-per-share (EPS) of $1.53 (versus the $1.50 expected). The primary driver behind the surge was unveiling a significant share buyback program, valued at $110 billion, marking the largest one ever implemented ...