Apple hit a $4tn valuation for the first time on Tuesday, joining Microsoft and Nvidia in surpassing the stock market milestone for the first time this year.
A move of less than 1 per cent in Apple’s shares as trading in New York began on Tuesday was enough to push its market capitalisation over $4tn, making it the third public company ever to surpass the threshold. The group’s valuation closed below the mark after its share price gain moderated.
US chipmaker Nvidia rode the artificial intelligence boom to become the first public group ever to hit a $4tn market capitalisation in July. It is now worth $4.7tn amid renewed AI fervour on Wall Street.
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