Apple, whose stock is perched at a record high, is inching closer to becoming a $3 trillion company as Wall Street gets bullish on its future.
Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world's fifth largest economy after Germany, just over a year after breaching the $2 trillion mark. Shares of Apple were up 1.6% at $174. Its peers in the trillion-dollar club - Microsoft, Amazon, Alphabet and Tesla - have all gained between 10% and 70%.
(Bloomberg) -- After a decades-long run as one of the world’s best-performing stocks, Apple Inc. is on the verge of reaching $3 trillion in market value. That’s bigger than the entire German equity market. Or the U.K. economy.Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsEven in the Metaverse, Not All Identities Are Created EqualThe $300 Billion Plan to Bring Green Power to China’s Megacit