Apple On Cusp Of Hitting $3 Trillion Market Cap Again: What Could Stop It?
Portfolio Pulse from Shanthi Rexaline
Apple Inc. (AAPL) is close to hitting a $3 trillion market cap again, with its stock price reaching a new high on Monday. The rally is partly due to broader market optimism and expectations of a Federal Reserve rate pause in June. Apple's market cap currently stands at $2.89 trillion, making it the most valued public company in the world.
June 13, 2023 | 9:34 am
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POSITIVE IMPACT
Apple's stock price reached a new high on Monday, bringing the company closer to a $3 trillion market cap. Broader market optimism and expectations of a Federal Reserve rate pause in June contribute to the rally.
Apple's stock price reached a new high on Monday, driven by broader market optimism and expectations of a Federal Reserve rate pause in June. This brings the company closer to a $3 trillion market cap, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon, Inc. (AMZN) is mentioned in the article with a market cap of $1.299 trillion. Apple's rally does not directly impact Amazon's stock price.
Amazon's market cap is mentioned in the context of Apple's rally, but there is no direct impact on Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 25
NEUTRAL IMPACT
Alphabet, Inc. (GOOG) is mentioned in the article with a market cap of $1.642 trillion. Apple's rally does not directly impact Alphabet's stock price.
Alphabet's market cap is mentioned in the context of Apple's rally, but there is no direct impact on Alphabet's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 25
NEUTRAL IMPACT
Alphabet, Inc. (GOOGL) is mentioned in the article with a market cap of $1.642 trillion. Apple's rally does not directly impact Alphabet's stock price.
Alphabet's market cap is mentioned in the context of Apple's rally, but there is no direct impact on Alphabet's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 25
NEUTRAL IMPACT
Microsoft Corp. (MSFT) is the second most valued public company with a market cap of $2.467 trillion. Apple's rally could potentially impact Microsoft's position in the market.
Microsoft's market cap is mentioned in the context of Apple's rally, but there is no direct impact on Microsoft's stock price. However, Apple's rally could potentially impact Microsoft's position in the market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50