Apple is in the spotlight for something other than a new iPhone drop.
The tech giant hit the $4 trillion market cap milestone on Tuesday. Apple edged past this mark thanks to a modest bump in share price, officially joining Microsoft and Nvidia in a class of its own.
Nvidia crossed the line first in July and has soared to nearly $4.71 trillion. Microsoft followed shortly after and hit the mark again this week as its OpenAI stake received a massive valuation boost.
The company spent much of 2025 trailing behind other tech heavyweights as investors questioned its AI plans. While rivals like Nvidia and Alphabet surged with massive gains, Apple saw modest returns. That’s changed recently.
The shift in momentum also came with an improvement in sentiment on Wall Street. Multiple analysts upgraded Apple’s stock based on signs of stronger sales.
Donald Trump’s ongoing relationship with Apple CEO Tim Cook continues to benefit the company. Many of Apple’s products have avoided tariffs under Trump’s trade policies. Cook has met with Trump multiple times, including during a state dinner hosted by King Charles III in the U.K.
Apple is now outperforming some rivals this fall, gaining over 5% in the past month alone. With earnings due Thursday, Wall Street is eyeing over $100 billion in revenue for the quarter.
