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Apple’s latest record high put it just 5% from a $2 trillion market value (AAPL)


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Apple’s latest record high put it just 5% from a $2 trillion market value (AAPL)

Scott Olson/Getty Images Apple shares surged as much as 5% to an intraday high of $446.55 per share on Monday, continuing a post-earnings rally for the tech company.  That pushed Apple’s market capitalization to $1.92 trillion. If Apple gains another 5%, it will become the first company to hit a $2 trillion market value.  Watch…

Apple’s latest record high put it just 5% from a $2 trillion market value (AAPL)

Tim Cook AppleScott Olson/Getty Images


Apple is in striking distance of becoming the first-ever US company to hit a $2 trillion market value. 

Shares of Apple surged as much as 5% to an intraday high of $446.55 on Monday, continuing the technology company’s post-earnings rally that sent it up more than 10% at Friday’s close. The intraday high put the company’s market capitalization – the share price multiplied by outstanding shares – at roughly $1.92 trillion. 

From the day’s high, Apple would only have to gain 4.75% more to reach a market value of $2 trillion, according to Business Insider calculations. 

Read more: ‘The stock market can drop as much as 80%’: A 47-year market vet explains why we’re in the midst of a global bust – and makes a case for $10,000 gold

Apple has had quite the year, gaining more than 48% even amid the coronavirus crisis as investors have viewed technology companies as not only well poised to withstand the pandemic, but an ensuing recession as well. On Monday, Apple and Microsoft’s gains lifted the Nasdaq to a fresh all-time high

The run-up in Apple shares also comes ahead of its fifth-ever stock split, which it announced on Friday. The company said that on August 24 it will enact a 4-for-1 split of its shares in an effort to appeal to a broader base of investors. 

Screen Shot 2020 08 03 at 10.59.20 AMMarkets Insider

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