Apple, Nvidia and Microsoft
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Microsoft and Apple are now worth over $4 trillion apiece and are helping drive the Dow, S&P 500 and Nasdaq Composite to record levels as investors embrace the new iPhone and AI.
This is the first time Apple's market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone after Nvidia and Microsoft.
Despite that, Apple stock rose more than 3% following the report on upbeat guidance from CEO Tim Cook who told CNBC he believes the company will see double-digit iPhone revenue growth in the December quarter.
Wall Street's three main indexes hovered near record highs on Tuesday, underpinned by shares of megacap tech stocks such as Microsoft and Apple in a week packed with earnings from U.S. heavyweights. Microsoft jumped 2.
On Wednesday, Nvidia Corp. (NASDAQ:NVDA) became the world's first company to reach a $5 trillion market capitalization, overtaking both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT), as CEO Jensen Huang revealed unprecedented demand for
Apple is an outlier among Big Tech companies as it doesn't spend nearly as much as its peers on artificial-intelligence infrastructure. Case in point: The FactSet consensus calls for only $3.7 billion in capital expenditures from Apple in the September quarter.
Apple and Microsoft are two tech giants—but which stock is more likely to grow your wealth by 2030? Experts break down the risks and rewards.
The S&P 500 has been in a bull market for three years, but the momentum could stall, depending on the outcome of several crucial events this week.
Apple reported fourth quarter earnings on Thursday that aligned with analyst expectations on revenue and slightly missed on iPhone sales, providing an early glimpse into how the release of the iPhone 17 lineup may be catching on so far.