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Apple makes history as first $3 trillion company amid tech stock surge

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Apple Inc become the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.

to gain access to Tesla's charging network, which could potentially establish Tesla's chargers as the industry standard.joined the $1 trillion valuation club last month, as its market cap climbed 11.8%, with investors betting on its potential to become a major beneficiary of a boom in artificial intelligence.

The company's shares have soared following a revenue forecast that was more than 50% above the Wall Street estimate in May.led the list of top 20 global companies by market capitalization at the end of June.market cap dropped 2.3% last month to $1.53 trillion, on rising competitive pressures from Microsoft's Bing which has grown in prominence after the integration of the artificial intelligence behind ChatGPT.

 

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