Apple’s Market Cap Briefly Tops $3 Trillion After Relentless Rally
- The iPhone maker briefly hit the milestone in intraday trading
- Shares have more than tripled since onset of pandemic in 2020
This article is for subscribers only.
Apple Inc.’s stock-market value briefly rose above $3 trillion on Monday, shattering yet another record and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise.
The company was the first to achieve this milestone, although it failed to hold above the level through the end of the trading day. It closed 2.5% higher at $182.01 and with a market capitalization of $2.99 trillion. The advance came on a broadly positive session for stocks, where Apple and Amazon.com Inc. both contributed to the Nasdaq 100 Index outperforming.