Apple has become the third tech company to hit the $4 trillion valuation mark, joining Microsoft and Nvidia in an elite group of firms driving Wall Street’s latest tech boom.
Shares of Apple (AAPL) edged up 0.1% on Tuesday, buoyed by strong sales of the new iPhone 17, especially in China, a market where the company had struggled in recent years.
The surge marks a sharp turnaround from earlier this year, when Apple’s stock plunged amid tariffs imposed under President Donald Trump, AI development delays, and pressure to boost U.S. manufacturing.
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Apple’s rebound underscores the staying power of its flagship product, even as the company trails rivals in the artificial intelligence race. “It’s clear to us that (CEO Tim) Cook & Co. has finally found success with iPhone 17, and now the Street awaits the grand strategic AI roadmap to be unveiled,” said Dan Ives, an analyst at Wedbush Securities, in an Oct. 20 note.
The milestone extends Apple’s record of setting market precedents, becoming the first company to reach $1 trillion in 2018, $2 trillion in 2020, and $3 trillion in 2022. Now, with its $4 trillion valuation, Apple continues to signal investor confidence in its long-term innovation and market leadership.