Apple’s market capitalization briefly surpassed $4 trillion just after opening today, making it the third public company to reach that figure.
The tech giant became the world’s first $3 trillion company in January 2022. As noted by MacRumors, Nvidia reached $4 trillion back in July and is creeping closer to $5 trillion, while Microsoft also hit $4 trillion that same month before dropping down to a $3.9 trillion valuation, but it too has passed $4 trillion again this morning.
Market capitalization is the total value of a company’s outstanding shares of stock, calculated by multiplying the current stock price by the total number of shares in circulation. It serves as a key metric for determining a company’s size, which investors use to gauge market value, risk, and return potential.
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Article provided with permission from AppleWorld.Today