Topline
Apple became the third company in history to be valued at $4 trillion, joining AI giant Nvidia and Microsoft as the only firms to reach the milestone, with Apple’s shares surging in recent weeks since unveiling its latest line of iPhones.
Key Facts
Shares of Apple rose as much as 0.4% Wednesday morning, briefly pushing the company’s market capitalization above $4 trillion for the first time.
Apple’s stock has since pared back earlier gains, falling from an all-time high of $269.20 to around $268.60 as of 11:35 a.m. EDT.
Microsoft, which hit the milestone for the first time in July, similarly rose above the $4 trillion threshold as shares climbed 2% as of 11:30 a.m. EDT, raising Microsoft’s market cap to around $4.04 trillion.
This is a developing story.