Apple stock closes at an all-time-high, added $1 trillion to its market cap in 2023

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.

www.msn.com/en-us/money/markets/apple-stock-closes-at-an-all-time-high-it-s-added-1-trillion-in-market-value-this-year/ar-AA1lswNE