Apple Reaches All-Time Highs, Approaches $4T Valuation

Apple, by far one of the largest technology companies on the stock market, has reached all-time highs on Thursday, making it very close to surpassing $4 trillion in market cap.

The company was one of the few large companies listed on the Nasdaq to rise on Thursday, growing by 0.32% in share price throughout the day.

It has remained one of the safest and most reliable investments on the stock market, with a clear upwards trend in stock price, getting close to Microsoft and Nvidia in market cap.

Investors now look to Apple more favorably following its AI-implementation efforts. Despite the failure of the iPhone 15 lineup compared to its predecessors, the iPhone 16 proved to be a formidable product in the smartphone industry as it is the first to incorporate Apple Intelligence with the iOS 18 software, giving it an edge over other products like Samsung's phones or the Google Pixel.

The stock, filled with capital from AI-hungry investors, has had the ability like no other to advance artificial intelligence into our everyday lives. It hopes that over the next few years, it could fully embed AI into the whole Apple ecosystem, from its watches to its TV systems.

Moreover, its CEO Tim Cook is among the most respected business leaders in the Nasdaq, holding to his position for over 13 years while CEOs of other companies oftentimes came and left from time to time.

Many financial analysts raised Apple's target price to $325 a share, a much more optimistic view. This has attracted even more investor enthusiasm as many hope to get a solid return from the smartphone maker.

Apple has made it evident that they are willing to work with the next Trump administration, as seen by CEO Cook's dinner with Trump last week. The company has remained confident that a Trump presidency could benefit them with better economic policies like lower taxes and regulation cuts.