apple incMarket capitalization again passed the $3 trillion mark on Friday, as investors bet on the iPhone maker’s ability to grow its revenue even as it explores new markets such as virtual reality.
Shares of Apple, which is also the world’s most valuable listed company, were up 0.9% in morning trade at $191.4.
Apple’s market value briefly rose above $3 trillion in intra-day trading on January 3, 2022, before closing the session just below that mark.
The latest gain in Apple shares came on the back of technology stocks betting that the Federal Reserve could slow the pace of interest rate hikes as well as discussions about artificial intelligence.
Shares of Apple, which is also the world’s most valuable listed company, were up 0.9% in morning trade at $191.4.
Apple’s market value briefly rose above $3 trillion in intra-day trading on January 3, 2022, before closing the session just below that mark.
The latest gain in Apple shares came on the back of technology stocks betting that the Federal Reserve could slow the pace of interest rate hikes as well as discussions about artificial intelligence.