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Apple closes in on a $3 trillion stock market valuation
Apple closes in on a $3 trillion stock market valuation
Brian Sozzi · Executive Editor
Tue, May 23, 2023 at 8:01 AM EDT
A few more bites out of Apple's (AAPL) stock by investors, and we may find the tech giant's market cap beyond the $3 trillion level.
Shares of the iPhone maker have surged 35% year to date, out-performing the S&P 500 pedestrian's 9% gain. Apple is the fourth-best performing component of the closely tracked FAANG (Facebook, Apple, Amazon, Netflix, Google) complex, lagging the 105% gain in Meta (META), 41% increase in Alphabet (GOOG, GOOGL), and 39% appreciation in Amazon (AMZN).
In the process of its push higher, Apple has added about $690 billion in market cap. The company's stock market valuation now stands at $2.74 trillion, according to Yahoo Finance data, only 9% away from the $3 trillion mark.
{snip}
Brian Sozzi · Executive Editor
Tue, May 23, 2023 at 8:01 AM EDT
A few more bites out of Apple's (AAPL) stock by investors, and we may find the tech giant's market cap beyond the $3 trillion level.
Shares of the iPhone maker have surged 35% year to date, out-performing the S&P 500 pedestrian's 9% gain. Apple is the fourth-best performing component of the closely tracked FAANG (Facebook, Apple, Amazon, Netflix, Google) complex, lagging the 105% gain in Meta (META), 41% increase in Alphabet (GOOG, GOOGL), and 39% appreciation in Amazon (AMZN).
In the process of its push higher, Apple has added about $690 billion in market cap. The company's stock market valuation now stands at $2.74 trillion, according to Yahoo Finance data, only 9% away from the $3 trillion mark.
{snip}
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
A while back, when the market was down, someone here recommended Apple stock. I got a couple of shares, and it’s done well. 