Doha: Apple Inc. crossed the $4 trillion market capitalization threshold for the first time Tuesday, becoming the third major technology company to reach the landmark valuation. Shares of the iPhone maker rose 0.2 percent in early trading to $269.20, marking an all-time high. The stock has gained approximately 13 percent since the launch of Apple’s latest devices – the iPhone 17 series and iPhone Air – on September 9, reversing a sluggish start to the year.
According to Qatar News Agency, Apple joins Nvidia and Microsoft in the exclusive $4 trillion club. Nvidia, known for its graphics processors and gaming chipsets, currently leads with a market value exceeding $4.5 trillion. Microsoft, which re-entered the group following gains linked to its AI initiatives, rounds out the trio.