Apple stock extends rally setting new all-time market value record

Shares of Apple in trading on Monday rose 2.23% with the company on track to close with a market cap in excess of of $3.33 trillion, more than any company in history, with Microsoft and Nvidia trailing as the only other members of the $3 trillion club.

Reuters:
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AAPL now up ~10% since June 7, just before the co unveiled a long-awaited AI strategy, integrating “Apple Intelligence” tech across its suite of apps including Siri and bringing OpenAI’s chatbot ChatGPT to its devices.

The three cos remain in tight contention for the crown of the world’s most valuable co. MSFT on Mon was up 0.9%, giving it a value of $3.32 trillion, while NVDA was up 0.1% with a market cap of $3.24 trillion.

AAPL is up 13% in 2024, while MSFT has gained 19% and NVDA has soared 166%.

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MacDailyNews Note: Apple’s intraday high of $218.95 on Monday is just below its all-time high of $220.20 set on June 12, 2024.

Overwrought times like these are pure gifts for longterm Apple investors. We dream of sub-$150, even sub-$160. Regardless, accumulate. – MacDailyNews, March 6, 2024 (AAPL closed that day at $169.12)
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