Apple has seen its share price rocket in the last few days following a meeting between investor Carl Icahn and the company's chief executive Tim Cook.
Last week, billionaire Mr Icahn tweeted that he believed Apple to be "extremely undervalued" and in the wake of this proclamation, stocks in the iPhone maker have risen in value.
Apple shares were priced at less than 450 when Mr Icahn met with Mr Cook last week, but since then they have shot up in value to over 500.
A later follow-up tweet sent by Mr Icahn added that he and Cook had a "nice conversation" in which a buyback of shares was discussed by the two businessmen.
When the Nasdaq opens later in the day (August 19th), Apple shares will start trading at 502.33.
However, stocks in the iPad manufacturer are still a long way from their 52-week high, which currently stands at over 700.
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