Apple shares hit at a record Wednesday, closing at $197.96, up 1.7% on the day.
The close puts Apple above its previous all-time closing high of $196.45 from July 31. Apple shares have now rallied 52% this year, giving the company a market value of $3.08 billion.
Apple’s market cap has increased about $1 trillion this year, an impressive feat given that just five U.S. companies are valued at $1 trillion or higher. Microsoft shares have matched Apple’s $1 trillion gain this year.
Microsoft, Alphabet, Amazon, and Nvidia are the only other publicly traded U.S. companies valued at more than $1 trillion.