Apple’s stock price is continuing to rise on strong sales of the iPhone 6 and its alleged advance into the self-driving electric car industry, analysts said.

On Monday, Apple shares jumped 2.7 percent and its market value stood at a record $774.69 billion (about 859.8 trillion won). Its stock price finished at $133 in the tech-heavy Nasdaq in the day, marking a new all-time closing high ― the first time Apple shares surpassed the $130 threshold.

This means it is worth more than twice as much as any other U.S. publicly traded company, according to a CNBC report. The second-largest public American company, Exxon Mobil, has a market cap of about $377 billion.

Apple’s stock price rose Monday after the tech giant announced that it planned to spend $1.9 billion to build data centers in Ireland and Denmark, the firm’s biggest European investments.