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Shares of Apple close at all-time high of $160.08, blowing past previous record

As hype for the "iPhone 8" continues to build, investors are buying in on Apple stock, sending shares to new record highs on Tuesday. The gains held throughout the day, allowing AAPL stock to close above the $160 mark for the first time ever.

Prior to Tuesday's record setting close of $160.08, the previous all-time high was $157.14.

Apple also exceeded its intraday trading record, surging past the old record of $159.75. During trading on Tuesday, shares of AAPL went as high as $161.83.

Apple stock has been a strong performer of late, and has seen a considerable upswing since the company announced better-than-expected third-quarter earnings last week. The company also provided investors with strong guidance for the current September quarter, leading to expectations that the highly anticipated "iPhone 8" will debut before September is through.

Apple's gains throughout 2017 have been relatively steady, after shares of the company started off the year around $116.