Apple's Intraday Move Adds More Market Cap Than Coinbase's Total Worth
Portfolio Pulse from AJ Fabino
Shares of Apple Inc (NASDAQ:AAPL) gained nearly 2.5% on Wednesday, adding $80.83 billion to its market cap, more than the entire market cap of each of the 2,000 stocks within the Russell 2000 Index. This gain surpassed the total market values of several companies including Super Micro Computer Inc (NASDAQ:SMCI), Chesapeake Energy (NASDAQ:CHK), Celsius Holdings Inc (NASDAQ:CELH), Snapchat Inc (NYSE:SNAP), Carvana Co (NYSE:CVNA), Palantir Technologies Inc (NYSE:PLTR), Coinbase Global Inc (NASDAQ:COIN), Unity Software Inc (NYSE:U) and others. The increase may be attributed to Apple's push into the artificial intelligence arena.
July 19, 2023 | 6:55 pm
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POSITIVE IMPACT
Apple's shares gained nearly 2.5% on Wednesday, adding $80.83 billion to its market cap. This increase may be attributed to Apple's push into the artificial intelligence arena.
Apple's significant gain in market cap indicates strong investor confidence and could potentially lead to further price increases in the short term. The company's push into the artificial intelligence arena is a positive development that could enhance its competitive position and drive future growth.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Celsius Holdings Inc.
While Apple's gain surpassed Celsius Holdings' total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Chesapeake Energy.
While Apple's gain surpassed Chesapeake Energy's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Coinbase Global Inc.
While Apple's gain surpassed Coinbase's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Carvana Co.
While Apple's gain surpassed Carvana's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Palantir Technologies Inc.
While Apple's gain surpassed Palantir's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Super Micro Computer Inc.
While Apple's gain surpassed Super Micro Computer's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Snapchat Inc.
While Apple's gain surpassed Snapchat's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Apple's intraday gain surpassed the total market value of Unity Software Inc.
While Apple's gain surpassed Unity Software's total market value, it doesn't directly impact the latter's stock price. However, it highlights the significant size and influence of Apple in the market.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's push into the artificial intelligence arena may challenge rivals like Alphabet Inc's Google.
Apple's push into the artificial intelligence arena could pose a threat to Google's dominance in this field. This could potentially impact Google's future growth and profitability, leading to a negative impact on its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Apple's push into the artificial intelligence arena may challenge rivals like Alphabet Inc's Google.
Apple's push into the artificial intelligence arena could pose a threat to Google's dominance in this field. This could potentially impact Google's future growth and profitability, leading to a negative impact on its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 75