Shares of $Apple (AAPL.US)$ climbed nearly 3% on Wednesday, following the Federal Reserve's meeting.
If the stock gains just 2% to trade at $182.85, that would send Apple's market cap to $3 trillion, and the company will become the world's first $3 trillion company.
According to Vanda Research, amateur investors have poured nearly $1.1 billion into Apple shares since the end of November. The stock has gained nearly 36% this year, outpacing the S&P 500's strong 25% advance.
Apple's following among amateur investors and its $90 billion share buyback program is aiding the stock's gains.
--- Vanda Research said.
Also investment bank $JPMorgan (JPM.US)$ has increased the target price for Apple to $210, citing high demand and expected earnings in early 2022, as well as the prospect of a 5G iPhone SE.
Mooers, Do you think Apple will hit $3 trillion market value today? Would you buy in Apple at this moment?
Source: Market Insider