2024-06-14 09:00:00 ET
Summary
- Apple Inc.'s market cap reaches $3 trillion, competing with Microsoft and NVIDIA for the next milestone of $4 trillion.
- Apple's WWDC24 conference highlighted the potential for a multi-year hardware upgrade cycle and growth in Services revenue.
- Despite risks such as inflation and competition, Apple's strong financials, dividend growth, and buyback program make it a good long-term investment.
The king is back in the race, as shares of Apple Inc. ( AAPL ) have broken through the $3 trillion market cap level once again. It's a 3-way race to see which company will reach the next milestone of $4 trillion in market cap. Currently, Microsoft ( MSFT ) has a slight lead at $3.28 trillion over AAPL's market cap of $3.27 trillion. Nvidia Corporation ( NVDA ) is right on their tail with a market cap of $3.08 trillion and has put a lot of space between itself, while Alphabet's ( GOOGL ) market cap of $2.21 trillion....
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Apple: The King Is Back In The Race To $4 Trillion