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Apple Retains $3T Status, Nvidia Does Not As Market Overcomes Volatility
In the rollercoaster world of tech stocks, Apple Inc. (NASDAQ:AAPL) managed to keep its $3 trillion market cap.
Nvidia Corp. (NASDAQ:NVDA), a fellow trillion-dollar titan, fell short due to recent market turbulence.
What Happened: Apple managed to hold its $3-trillion status since June 2023; its stock boasts a 15.87% increase over the past year and a 7.64% gain year-to-date. The Cupertino, California-based company’s market cap is currently hovering at around $3.2 trillion.
Nvidia, like Microsoft Corp. (NASDAQ:MSFT), achieved the $3 trillion milestone this year. But its valuation currently sits at $2.59 trillion, despite a breathtaking 129.54% surge over the past year and a 110.51% increase year-to-date.
The Technology Select Sector SPDR Fund (NYSE:XLK) ...