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Apple Intelligence brings AAPL to $3.5 trillion market cap

Apple (Symbol: AAPL) has made history by becoming the first company to close with a market valuation exceeding $3.5 trillion. This milestone was achieved after a robust rally in its share price, which has been on an upward trajectory since April. The stock closed at a record high of $228.68, reflecting a more than 30% increase in market cap over the last three months. Read more about AAPL stocks here.

more about AAPL stocks

Disclaimer:

For day traders, the current momentum presents both opportunities and risks. The strong upward trend offers potential for breakout trades, particularly above recent highs. However, the volatility around earnings announcements and major product updates necessitates careful risk management. Traders can capitalise on intraday price swings using technical analysis to identify entry and exit points.

Publication date:

2024-07-21 10:51:52 (GMT)

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