Apple Hits $3 Trillion Market Cap–Again
Earlier this week, Apple’s stock price was again nearing the $3 trillion milestone, and on Friday, the iPhone maker exceeded that mark once again.
Shares of Apple needed to hit $190.73 per share to reach a $3 trillion market cap, and that happened this morning at the beginning of the trading day. Currently, shares of Apple are at $193 as of writing, resulting in a $3.04 trillion market cap.
Apple first achieved the $3 trillion market cap milestone back in early January 2022, becoming the world’s first publicly-traded company to reach that market cap.
The rally by Apple is part of a recent run by the tech sector, recovering from lows from late 2022, with hype led by AI and companies such as OpenAI and its ChatGPT.