June 30 (Reuters) – Apple’s market capitalization once again crossed the $3 trillion (2,749.3 billion euros) mark on Friday as investors count on the U.S. giant’s ability to boost revenue while exploring new markets such as virtual reality.
Shares of the iPhone maker, the world’s most valuable company, rose 1.58% to $192.59 in early trading on Wall Street.
Since the beginning of the year, it has taken around 48%, against 15.4% for the S&P-500 index.
Tech stocks are on the rise with investor enthusiasm for artificial intelligence and the prospect of the Federal Reserve moderating its monetary tightening.
Apple had briefly reached 3 trillion in capitalization in January 2022.
Four other American companies have a valuation of over $1 trillion: Alphabet, Microsoft, Amazon and Nvidia. (Tiyashi Datta in Bangalore, Laetitia Volga for the French version, edited by Blandine Hénault)
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