Apple’s $2 Trillion Market Valuation on Shaky Ground
$Apple (AAPL.US)$ 's run as a $3 trillion stock proved fleeting. Now its grip on a $2 trillion market value is looking wobbly, too.
After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged. With concern growing that the Federal Reserve’s interest-rate increases could tip the US into recession, the $2 trillion milestone is looking precarious. Apple closed Tuesday at $2.15 trillion.
After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged. With concern growing that the Federal Reserve’s interest-rate increases could tip the US into recession, the $2 trillion milestone is looking precarious. Apple closed Tuesday at $2.15 trillion.
History shows that it can take years for technology stocks to climb back to the highs set in raging bull markets..... $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $Meta Platforms (META.US)$
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