:Apple's stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization.The iPhone maker's stock rose 0.6 per cent to end the day at $189.25, putting Apple's market value at $2.98 trillion, according to Refinitiv data. It was the second straight record high close
:Apple's stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization.
Apple has yet to end a trading session with a stock market value above $3 trillion. It briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022 before closing the session just below that mark. "There hasn't really been any new information fundamentally that would be supportive of the stock move," said Thomas Martin, Senior Portfolio Manager at Globalt Investments."What you're left with is, you know, the market itself."
Apple's approach toward its $3 trillion milestone follows the June 5 launch of a pricey augmented-reality headset, its riskiest bet since the introduction of the iPhone more than a decade ago.
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Apple's stock hits record, on cusp of $3 trillion market valueApple's stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market capitalization above $3 trillion.The iPhone maker's shares rose as much as 1 per cent to $189.90, their highest ever. With the stock last trading off that session high
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