{"id":4930,"date":"2023-07-03T16:29:01","date_gmt":"2023-07-03T10:59:01","guid":{"rendered":"https:\/\/bscrackers.com\/?p=4930"},"modified":"2023-07-03T16:29:01","modified_gmt":"2023-07-03T10:59:01","slug":"apple-makes-history-as-first-3-trillion-company-amid-tech-stock-surge-report","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=4930","title":{"rendered":"Apple Makes History As First $3 Trillion Company Amid Tech Stock Surge: Report"},"content":{"rendered":"

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\"Apple<\/figure>\n

Apple Inc became the first company in the world to reach a market value of $3 trillion<\/p>\n<\/div>\n

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Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.<\/h2>\n<\/div>\n<\/div>\n
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Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.<\/p>\n

The iPhone maker\u2019s advance was among the most eye catching in a month marked by investor interest in the potential of artificial intelligence, with share buyers also particularly favouring companies with strong balance sheets and cash flows.<\/p>\n

Apple\u2019s most recent quarterly report in May showing its revenue and profits beat analysts\u2019 expectations, and its track record of stock buybacks, reinforced its reputation as a safe investment during global economic uncertainty.<\/p>\n

In a similar vein, electric car maker Tesla Inc witnessed a 28% jump in its market capitalization in June.<\/p>\n

Tesla\u2019s surge was fuelled by deals struck by rivals Ford Motor Co and General Motors Co to gain access to Tesla\u2019s charging network, which could potentially establish Tesla\u2019s chargers as the industry standard.<\/p>\n

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Elsewhere Nvidia Corp joined the $1 trillion valuation club last month, as its market cap climbed 11.8%, with investors betting on its potential to become a major beneficiary of a boom in artificial intelligence.<\/p>\n

The company\u2019s shares have soared following a revenue forecast that was more than 50% above the Wall Street estimate in May.<\/p>\n

Apple and Microsoft Corp led the list of top 20 global companies by market capitalization at the end of June.<\/p>\n

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(This story has been refiled to fix a typographical error in paragraph 1)<\/p>\n

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters<\/a>)<\/i> <\/div>\n

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Bharat Upadhyay<\/span><\/a><\/p>\n
Bharat Upadhyay, Senior Sub-Editor at News18 Tech, writes about technology and consumer gadgets. He has been covering the technology beat for over six…Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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[ad_1] Apple Inc became the first company in the world to reach a market value of $3 trillion Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-4930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4930"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/2348"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}