$Apple(AAPL.US) has hit a new high again, which is not surprising. The market's anticipation for AI features driving device upgrades, Apple's end-to-cloud approach in AI, the reported price cuts followed by strong sales of Apple during China's 618 shopping festival, the surge in Apple's sales in India, and the supply chain's news of Apple raising its sales expectations for iPhone 16, among a series of other positive developments, have all contributed to the current moment where Apple is taking center stage amid the rotation of the 'Magnificent Seven' stocks.