Apple Was Briefly a $2 Trillion Company

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Apple is the first U.S. company to achieve a valuation of $2 trillion.

With 4.276 billion shares outstanding, the target price for reaching that level was $467.72. The stock crossed that level Wednesday morning, trading as high as $468.09, before sliding a hair below the $2 trillion level, finishing the session up 0.1% to $462.83. Apple is up about 59% for the year to date, a gain of more than $740 billion.

Apple’s (ticker: AAPL) market capitalization hit the $1 trillion level for the first time in August 2018.

There are currently four stocks with a valuation above $1 trillion. Amazon.com (AMZN) is now worth $1.633 trillion, surpassing Microsoft (MSFT) at $1.587 trillion. Alphabet (GOOGL) is fourth in valuation, at $1.052 trillion.

Facebook (FB) is the next-closest U.S. stock to the 13-digit level, with a valuation of $748.1 billion.

At the $2 trillion level, Apple is bigger than Alphabet and Facebook combined.

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