Consumer electronics giant Apple (AAPL) has achieved a $4 trillion U.S. market capitalization for the first time.
Apple joins fellow mega-cap technology companies Nvidia (NVDA) and Microsoft (MSFT) as the only publicly traded concerns to reach the $4 trillion U.S. market cap milestone.
Nvidia is fast approaching a $5 trillion U.S. market capitalization as the rally in the so called “Magnificent 7” technology stocks and the artificial intelligence (A.I.) trade rolls along.
Apple’s $4 trillion U.S. valuation arrives as its shares surge on reports that the newest iPhone 17 model is selling better than its predecessors.
Apple’s shares have gained 25% in the last three months alone. The company next reports its financial results on Oct. 30.
Investors are also bidding up Apple’s stock now that it appears the company has avoided the worst-case scenarios related to the Trump administration’s tariffs.
Apple has moved much of its U.S.-bound supply chain to India and Vietnam and away from China. It has also announced plans to move some of its manufacturing to the U.S.
AAPL stock is up 10% on the year and currently trading at $269 U.S. per share.
