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Barchart
Barchart
Dipanjan Banchur

Is Apple Stock Underperforming the Nasdaq?

AAPL Microsoft

Apple Inc. (AAPL), headquartered in Cupertino, California, is a name that is globally recognizable due to its immensely popular devices, such as iPhones, iPads, Apple Watch, AirPods, Mac, and Apple Vision Pro. Valued at $2.95 trillion by market cap, it is apart from all publicly traded companies worth more than a trillion dollars but Microsoft (MSFT) in the S&P 500 Index ($SPX).

Companies worth $200 billion or more are generally described as “mega cap stocks,” and AAPL definitely fits that description. The company has been at the forefront of innovation in hardware, software, and services and has played a vital role in revolutionizing personal technology through its cutting-edge devices.

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