Apple has once again become the world’s biggest company, with a staggering valuation of $3 trillion

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.

Shares of Apple have gained healthily this year, rising more than 50 percent since the start of January

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.

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