Apple Inc. is once again worth $3 trillion, hitting that milestone Tuesday for the first time in more than four months.
Shares of Apple
AAPL,
closed up 2.1% in Tuesday’s session, giving the company a market capitalization of $3.01 trillion. The company hasn’t been valued in $3 trillion territory since Aug. 3, according to Dow Jones Market Data.
Apple’s stock is up 49% so far in 2023, and it’s on track to post its best yearly performance since 2020, when it ran up 81%.
At the same time, Apple shares haven’t seen the same year-to-date gains as much of the rest of the Magnificent Seven. While Alphabet Inc.’s stock
GOOG,
GOOGL,
has advanced 48% so far this year, shares of Microsoft Corp.
MSFT,
Amazon.com Inc.
AMZN,
Tesla Inc.
TSLA,
Meta Platforms Inc.
META,
and Nvidia Corp.
NVDA,
have all seen more sizable runs higher.
Opinion: 3 reasons it’s safe to own the ‘Magnificent Seven’ stocks
Read the full article here