Apple has reached a new milestone, becoming the third publicly traded company in history to surpass a $4 trillion US market valuation, joining Microsoft and Nvidia in the exclusive club. This happened on Tuesday when shares of Apple topped $269.53 per share.
Nvidia was the first to cross the $4 trillion threshold earlier this year, riding the AI boom that has driven its stock up sharply. It now sits near $4.7 trillion. Microsoft briefly joined the group in July after strong earnings, and its valuation has since climbed to around $4.1 trillion, helped by the recent restructuring at OpenAI, where Microsoft holds a 27% stake worth an estimated $135 billion.
Apple’s stock has climbed 28% in the past six months, boosted by strong demand for the new iPhone 17 lineup (well, except for the Air it seems), which features the company’s biggest design update in years. Analysts say the surge in upgrades from loyal users helped offset earlier fears that Apple was lagging behind in artificial intelligence.
Meanwhile, Apple’s fast-growing services division—which includes the App Store, Apple Music, and iCloud—is expected to top $100 billion in annual revenue for the first time when it reports earnings on Thursday. Let’s see what Tim Cook has in store for us this week.
Apple hit the $3 trillion valuation milestone back in January 2022, and at the time was the first U.S. company to achieve the valuation.
As of writing, shares of Apple are trading at $268.87, paring down a bit after touching the $4 trillion valuation mark. When will Apple hit $5 trillion valuation? When iPhone 22 comes out?
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