Now, Apple is approaching the next valuation level. Apple’s closing price on Friday was US$255.65, and its market value (share price times outstanding shares) was US$3.87 trillion. It is expected to become the first US listed company with a market value of US$4 trillion. Some back-of-the-envelope calculations suggest that Apple will hit that target once its stock reaches $264.28.
apple Seems far ahead. Here are the market caps of some of the other companies that have challenged Apple as the most valuable U.S. public company over the past few years:
Nvidia—Today’s closing price was $137.01, and Nvidia’s market capitalization was $3.36 trillion. The AI/GPU chip maker would be valued at $4 trillion and trade at about $163.11. Shares of Nvidia are up 184% year to date as artificial intelligence takes over Wall Street.
Microsoft — Microsoft was valued higher than Apple at the beginning of the year, but has since underperformed Apple. With a current market capitalization of $3.2 trillion, Microsoft’s stock price would have to reach approximately $538.20 to reach the $4 trillion valuation mark.
Amazon – Closing the week at $224.38, even though the stock is up nearly 50% during 2024, it still has a market capitalization of $2.35 trillion.
Alphabet – one of the dark horses that challenged Apple to break through US$1 trillion in 2018. Google’s parent company currently has a market capitalization of US$2.37 trillion. The stock is up 39% this year.
Apple stock is a beneficiary Apple information;While Samsung and Google are doing a better job than Apple at putting artificial intelligence into phones, Wall Street is happy to see the folks in Cupertino finally get out of their shell and start working on artificial intelligence.
Apple’s stock performance since its December 1980 IPO. |Image source-Google
Apple made an instant millionaire with its initial public offering in December 1980, when the stock was priced at $22. Steve Jobs and Steve Wozniak. After several stock splits, those who bought Apple stock during the IPO paid the equivalent of 10 cents per share. If you purchased $1,000 of the stock at the initial offering price, you would purchase 45 shares. After several stock splits, you now own 10,080 shares of Apple stock, worth $2,576,952.
