Apple, Sandisk and Roku were key movers after the stock market hit new highs amid huge earnings and lower oil prices.

Apple should see its stock price go up as it continues to secure the electrical components needed to power storage for its iPhones and MacBooks, per UBS.

Apple stock was down slightly as investors digested the iPhone maker's latest earnings results. That could quickly change. In after-hours trading, shares were off 0.6% to $269.65. Apple is scheduled to start its earnings conference call at 5:00 PM ET.

Despite its already large value, the stock has more than doubled in just the past five years, even though it hasn't exactly been leading the tech sector with cutting-edge innovations. Will AI create the world's first trillionaire?

Implied volatility in the stock suggests a 3.5% swing after earnings tonight, compared to an average move of just 1.8% following the last four quarterly reports.

Apple accounted for nearly 30% of the group’s market value. Nvidia was less than 4%. Today, the picture has flipped. Nvidia now makes up about 23% of the Magnificent Seven’s market value, while Apple has fallen below 18%.

Apple’s market capitalization is in the trillions of dollars. As demand for its shares has increased over the past few decades, the company has chosen to split its shares to make the stock more affordable for many individual investors. Without such stock ...

Our Apple (NASDAQ:AAPL | AAPL Price Prediction) call is straightforward: the stock looks undervalued heading into the April 30 earnings print. Apple trades at $267.61, and our 24/7 Wall St. price target points to $323.