On Wednesday, Apple’s stock soared to a fresh all-time high, reaching an intraday peak of $189.90. If the closing price manages to surpass $190.74, it would propel the company’s valuation to an impressive $3 trillion. Currently, Apple holds the esteemed position of being the world’s most valuable company, surpassing Microsoft.
Apple’s stock has surged to a new all-time high, propelling the company’s market valuation closer to the $3 trillion mark once again. During Wednesday’s afternoon trading, Apple shares reached a record price of $189.90, resulting in a total market valuation of approximately $2.98 trillion.
In order for Apple to attain a $3 trillion market cap, the stock would need to close at or above $190.74. This valuation metric encompasses the price of all outstanding shares of a company.
Although Apple had previously achieved a $3 trillion valuation, changes in the size of the company’s stock float now necessitate a higher share price to reach this symbolic milestone.
In January 2022, Apple became the first company to surpass the $3 trillion valuation threshold, albeit briefly, as share prices briefly exceeded $182 during intra-day trading.