Apple Closes to $3 Trillion After Shares Hit New High

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Analysts interviewed by Reuters agency believe that the expectation for the reduction of the interest rate in the USA and the optimism of the market with the potential of artificial intelligence have favored the owner of the iPhone. Tim Cook, Apple’s chief executive. AP / Jeff Chiu Apple shares reached a new record high on Wednesday (28) and the tech giant approaches a market value of nearly $ 3 trillion, according to Reuters agency. The good result comes in the same week that the iPhone, its flagship product, completes 16 years. The shares ended the trading day up 1%, being sold at US$ 189.90, their highest mark so far. With that, Apple’s market value hovers around $2.97 trillion, according to data from Refinitiv. 👨 💻 Microsoft is already worth $ 2,6 trillion thanks to artificial intelligence The last record had been recorded two weeks ago, when shares were traded at $ 183,79. Apple’s stock market cap briefly passed $3 trillion in trading on January 3, 2022, but ended the session slightly below that threshold. The latest gains in shares of the world’s most valuable company follow the strong rally of several tech heavyweights on Wall Street this year, buoyed by expectations that the Federal Reserve is nearing the end of its rate hike campaign and the optimism about the potential of artificial intelligence. “There really wasn’t any new fundamental information that could support the stock move,” said Thomas Martin, senior portfolio manager at Globalt Investments. Apple’s approach to the $3 trillion mark follows the June 5 launch of a pricey augmented reality device, its riskiest gamble since the introduction of the iPhone more than a decade ago. Recent gains in Apple stock have beaten analyst estimates. READ ALSO: 16 years of the iPhone: do you know everything about Apple’s first cell phone? Take the test and find out Elon Musk trains Brazilian jiu-jitsu to go to the ring with Zuckerberg Google will map favelas to facilitate deliveries and emergency care

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