- Apple is on track to become the first company with a market cap exceeding $4 trillion, currently valued at $3.92 trillion. Stock growth has been fueled by optimism around AI advancements in iPhones and other devices. Analysts predict continued growth, citing strong iPhone upgrades and a new revenue stream from Apple Intelligence.
Apple is poised to become the first company to have a market capitalization of more than $4 trillion. Its valuation stood at $3.92 trillion before the opening bell on December 27. Should it cross the $4 trillion mark, it will do so ahead of Microsoft ($3.26 trillion) and Nvidia ($3.43 trillion), the two other companies that are within striking distance of the technically meaningless but nonetheless spectacular milestone.
Apple stock (AAPL) has risen 40% this year, largely on the promise of AI improvements to the iPhone and the company’s other devices.
Apple has also been buoyed by enthusiasm from various analysts. Wedbush analyst Daniel Ives and his team published a research note for investors on December 26 entitled “iPhone 16 Cycle is Just the Beginning of a New Era for Cupertino.”
"We are raising our price target on Apple to $325 (from $300) as a golden era of growth for Cupertino is now on the horizon into 2025,” wrote Ives — a veteran Apple bull — in the note seen by Fortune.
