Apple Reaches $4 Trillion Market Value—Alongside Microsoft and Nvidia By: Stock Market Charlie

Apple has excitingly become the third company in history to reach a staggering $4 trillion valuation! It joins the ranks of AI powerhouse Nvidia and Microsoft as the only firms to achieve this incredible milestone. This thrilling surge follows the recent unveiling of Apple's latest line of iPhones, which has sent its shares soaring!

Apple CEO Tim Cook

Key Facts

On Tuesday morning, Apple shares increased by up to 0.4%, momentarily elevating the company's market capitalization above $4 trillion for the first time.

Subsequently, Apple's stock retracted some of its earlier gains, decreasing from a record high of $269.20 to approximately $268.60 by 11:35 a.m. EDT.

Microsoft, which first surpassed the $4 trillion mark in July, similarly exceeded this threshold as its shares rose by 2% as of 11:30 a.m. EDT, bringing Microsoft's market capitalization to about $4.04 trillion.

Apple is currently the third-largest company globally, following Microsoft and Nvidia ($4.6 trillion), and is ahead of Alphabet ($3.2 trillion), Amazon ($2.4 trillion), and Broadcom ($1.7 trillion).

What To Watch For

Get ready for some exciting news! Apple is set to announce its fourth-quarter earnings this Thursday, right after Microsoft's report on Wednesday. Wall Street is buzzing with predictions of Apple posting an impressive $1.78 earnings per share and a whopping $102.1 billion in revenues, largely fueled by a massive $50 billion from iPhone sales, as noted by FactSet. Meanwhile, economists are forecasting Microsoft's earnings per share to hit $3.67 for its latest quarter, with revenues soaring past $75.3 billion!

Key Background

Apple's shares have been on a thrilling ride, surging over 15% since the launch of the iPhone 17 and the exciting new versions of the iPad Pro, Vision Pro, and MacBook Pro on September 9. The latest iPhone model has outperformed the iPhone 16 by an impressive 14% in its first 10 days on the market in both the U.S. and China, according to Bloomberg. Apple has joined the ranks of tech giants like Nvidia and Microsoft, crossing the incredible $4 trillion market value milestone. Nvidia reached this landmark in July after an astonishing 35,000% rally over the past decade, driven by a surge in demand for AI technology. WedBush Securities analyst Dan Ives has hailed Apple's achievement as a "watershed moment for Cupertino and Big Tech," highlighting it as a "testament to the best consumer franchise in the world," despite the company "missing out on AI so far."

Best Regards,

Stock Market Charlie