Apple's stock hits record, on cusp of $3 trillion market value

Apple's stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market capitalization above $3 trillion.

Apple's stock market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022 before closing the session just below that mark. "There hasn't really been any new information fundamentally that would be supportive of the stock move," said Thomas Martin, Senior Portfolio Manager at Globalt Investments."What you're left with is, you know, the market itself."

Apple's approach toward its $3 trillion milestone follows the June 5 launch of a pricey augmented-reality headset, its riskiest bet since the introduction of the iPhone more than a decade ago.

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