Apple made history as the first publicly traded company to reach a market value of $3 trillion at the close of a trading day. On Friday, the company’s shares soared by approximately 2.31%, reaching a new all-time high. Although Apple had previously surpassed the $3 trillion milestone in January 2022, it had not been able to sustain that position at the end of the trading day.

In contrast to its 2022 performance, Apple’s stock has experienced a significant increase of around 46% this year. This remarkable success in the stock market stands in stark contrast to the company’s market capitalization dropping below $2 trillion earlier this year for the first time since early 2021.

Apple’s historic valuation comes on the heels of its recent unveiling of the long-anticipated Apple Vision Pro, an augmented reality (AR) headset. Priced at $3,499, the headgear is set to be available for purchase next year, requiring users to stay connected to a battery pack similar in size to an iPhone.

The rising enthusiasm around artificial intelligence (AI) that began with the launch of OpenAI’s ChatGPT in late 2022 has captured the attention of Wall Street and Silicon Valley. Companies like Microsoft, Google, Nvidia, and Meta have all jumped on the AI bandwagon. Nvidia leads the S&P 500 with a remarkable 181% increase this year, followed by Meta with a rise of 137%. While its competitors have heavily invested in this emerging technology, Apple has notably refrained from emphasizing its involvement in artificial intelligence.

It’s important to highlight that four other American companies, including Alphabet, Microsoft, Amazon, and Nvidia, boast market values of at least $1 trillion.

Source: http://blog.tracelinebranding.com.ng/apple-sets-a-new-record-as-the-worlds-first-3-trillion-company/

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So inlove with Apple! 💰 💵

Wow