Source: PaxForex Premium Analytics Portal, Fundamental Insight

Apple's (AAPL) stock surged to record levels yesterday after the company authoritatively stated Monday it would start assembling Macs with its own chips. The move is part of a broader driver by Apple to stop using third-party parts.

On Monday, the first day of the World Development Conference, Tim Cook said they would phase out a 15-year partnership with Intel (INTC) for their MacBooks and Mac desktops within the next several years. Custom AAPL silicon chips will help increase battery runtime, performance, and more through closer integration between hardware and software.

Apple has already produced custom chips for iPhone, iPad, and Apple Watch that further degrade expenses and increase productivity. The company delivered its first iPhone processor in 2010 and now accounts for about 40 percent of the major parts in its smartphones, up from 8 percent just less than five years ago.

The tech titan thinks that its capacity to alter third-party parts will help the company to strive better in the long run. "While we make bold changes, there's one simple but significant reason: so we can produce much better products," Cook said in a video on Monday. "When we look to the future, we imagine some amazing new things, and switching to our own components is what will allow us to make them happen".

Wall Street was positively delighted that Apple was now fully dedicated to its in-house processors. The company also demonstrated some upcoming software upgrades that include Apple Watch's sleep tracking, automated application organization, and more.  

AAPL stocks rose another 2% to new highs at $366.53 per share. The rise was part of a wider push from big technologies that involve Amazon (AMZN), Spotify (SPOT), Microsoft (MSFT), and others that promoted Nasdaq Composite to achieve new records.

Apple shares, which have grown by 63% since March 23, may pullback soon. However, long-term traders may want to think about buying $1.6 trillion Titan for its own silicon expansion, a rise in services, huge amounts of cash, and more.