Dec 26, 2024 - Technology
Apple on verge of becoming first $4 trillion company
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Apple is closing in on a $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales.
Why it matters: The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16% jump in shares since early November that has added about $500 billion to its market capitalization.
Go deeper: What Apple's AI knows about you
