While NVIDIA's capitalization is trying to gain a foothold at the level of $1 trillion, Apple is already storming the psychological mark of $3 trillion. Shares of the giant from Cupertino updated their record.
What is known
Apple held WWDC 2023 last week. With a slight delay, the stock market reacted to the products shown at the event, including the $3,500 Vision Pro glasses.
The day before, Apple's stock price rose 1.6% andwas $183.79 per unit. This had a positive impact on the market, since the share of the Cupertino company's securities in the S&P 500 index is 7.5%. As a result, Apple's capitalization reached $2.89 trillion.
Investors now believe that Apple stock issafe investment of money, because the California company was able to increase revenue in various segments, despite the crisis in the industry. Since the beginning of 2022, Apple shares have risen in price by 46%, while the Nasdaq index has increased by 35%.