Apple And Nvidia Stocks Boost S&P 500 And Nasdaq To All-Time Highs

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Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.

Pelosi Says ‘Time Is Running Short’ For Biden To Decide If He’s Running—After President Insists He’s Staying In The RaceBig technology stocks led major stock indexes to new heights Wednesday, with the world’s largest company, Apple, rallying toward the next unattained milestone in today’s bull market—becoming the first $4 trillion company—and the potential emergence of another entrant into the illustrious trillion-dollar club.The S&P 500 and tech-dense Nasdaq indexes rose 0.

Predictably leading the charge in the record runup were by far the world’s three largest companies—Apple , Microsoft and Nvidia . Apple registered a new record-high market capitalizations of $3.56 trillion while Nvidia hit a three-week high of a $3.31 trillion valuation . Apple still needs a further 13% rally to actually broach $4 trillion, perhaps feasible considering its share price is up 20% over the last month, but it did become the first company in history this week to ever score a $3.

 

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