New historical record for Apple which, together with other US big tech, continues to update its historical records, confirming itself in the small group of the “Big Seven”, i.e. the seven companies with a capitalization of around a few thousand billion dollars (“trillion dollar stocks”). A rally supported by the fantastic opportunities that the market sees in the field of Artificial Intelligence and by the rosy expectations on the quarterly results of the Apple House thanks to the robust sales of the iPhone.
Apple exceeds 4,000 billion in value
Apple closed just below $4 trillion in capitalization. The stock stopped at 269 dollars, just below the high of 269.69 reached intraday, ending with a capitalization of 3.99 trillion dollars. A trend that has been going on for a while and which has seen the stock rise by 6% in the last month and 27% in the last three months.
The Cupertino-based company’s shares were boosted by robust sales of the iPhone 17, launched in September, and optimism about its fourth-quarter results due out Thursday.
“Apple shares are preparing for the release of the next results with greater positivity than last year”
reports the investment bank JPMorgan, which assigned a “buy” rating to the stock and raised its target price to 290 dollars.
Little impact from tariffs
The good performance of the latest iPhone model also confirms that the company may have avoided the worst-case scenarios linked to tariffs, having moved much of its supply chain to India and Vietnam, rather than China, and having maintained good relations with the Trump administration thanks to planned investments in the US. The numbers for the quarter will certainly offer an additional element in this regard.
Microsoft is no different
Together with Apple, which made the news, Microsoft also closed a record session over 4,000 billion in capitalisation. The stock of the Redmond company, in this case, stopped at 542.07 dollars per share, up by almost 2%, for a capitalization that stands at 4.03 trillion dollars. Even for Microsoft, the performance of the last month is brilliant (+5%), while the three-month increase appears less pronounced (+6%).
The news of the purchase of a 27% stake in the for-profit division of OpenAI, the company that created ChatGPT, contributed to boosting the shares of the company led by Satya Nardella. An investment that rewards Microsoft which has launched itself with determination into the artificial intelligence business.
Microsoft is also awaiting its quarterly results, which will arrive this evening with the markets closed.
