Apple (AAPL) Market Cap Back Above $3T: Will Stock Follow?
Apple Inc.’s (AAPL) market cap has returned to the $3 trillion mark after falling below it in the last few weeks. Amid a US stock market crash, Apple’s market capitalization and shares suffered, as the company relies heavily on countries impacted by the new tariff policy.
At press time, Apple’s market cap now sits at $3.041T, while shares are up to $202. In the last five days, AAPL is already back up 17%. The company opened Tuesday’s bell moving on the razor’s edge due to trade wars. The tech giant is among the most vulnerable companies as tariffs could eat into its global revenues. To avoid tariffs, the firm even shipped five planes full of iPhones before the policy went live to protect their finances.
Apple’s stock is trading near the bottom of its 52-week range and below its 200-day simple moving average. Amid the tariff turmoil, it’s leading the fall-off for big tech in the past month. While some experts suggest that the dip won’t last for long and you should buy now, many also suggest that the worst is yet to come. Is the rebounding market cap a positive sign and indicator to buy Apple (AAPL) now?
Can Apple Stock Rebound Along With its Market Cap?
Leading investment bank JP Morgan recently revised its price prediction for Apple (AAPL) stock. The majority of financial analysts have predicted that AAPL is yet to come out from the burning fire ignited by trade wars. On the other hand, JP Morgan’s leading analyst, Samik Chatterjee, maintained an ‘Overweight’ rating for Apple stock but trimmed his 12-month price prediction.
JPMorgan anticipates that the tariff exemptions will boost investor confidence in the hardware industry, including Apple, by suggesting that direct cost impacts may be less severe than initially feared. This sentiment is likely to contribute to a re-rating of Apple shares and those of other companies covered by the firm. For now, forecasts are low, but this suggests that won’t be long.
Also Read: Bitcoin Crossing $100K This Week? Will Dogecoin & Shiba Inu Follow the Surge?
Ultimately, the current US stock market is extremely volatile. Amid geopolitical concerns and brewing trade wars, Wall Street has been forced to embrace uncertainty. Thus, many analysts are suggesting to buy the dip on big tech stocks like Apple (AAPL) that are currently trading at much cheaper prices. Signs like the company returning to $3 trillion market capitalization are still promising.
Read More
Eli Lilly (LLY) Stock Jumps 16% in a Day: Here’s Why
‘Big Short’ Investor Steve Eisman Derisks, Says Stock Market Volatility Will Be Here for a While
Apple (AAPL) Market Cap Back Above $3T: Will Stock Follow?
Apple Inc.’s (AAPL) market cap has returned to the $3 trillion mark after falling below it in the last few weeks. Amid a US stock market crash, Apple’s market capitalization and shares suffered, as the company relies heavily on countries impacted by the new tariff policy.
At press time, Apple’s market cap now sits at $3.041T, while shares are up to $202. In the last five days, AAPL is already back up 17%. The company opened Tuesday’s bell moving on the razor’s edge due to trade wars. The tech giant is among the most vulnerable companies as tariffs could eat into its global revenues. To avoid tariffs, the firm even shipped five planes full of iPhones before the policy went live to protect their finances.
Apple’s stock is trading near the bottom of its 52-week range and below its 200-day simple moving average. Amid the tariff turmoil, it’s leading the fall-off for big tech in the past month. While some experts suggest that the dip won’t last for long and you should buy now, many also suggest that the worst is yet to come. Is the rebounding market cap a positive sign and indicator to buy Apple (AAPL) now?
Can Apple Stock Rebound Along With its Market Cap?
Leading investment bank JP Morgan recently revised its price prediction for Apple (AAPL) stock. The majority of financial analysts have predicted that AAPL is yet to come out from the burning fire ignited by trade wars. On the other hand, JP Morgan’s leading analyst, Samik Chatterjee, maintained an ‘Overweight’ rating for Apple stock but trimmed his 12-month price prediction.
JPMorgan anticipates that the tariff exemptions will boost investor confidence in the hardware industry, including Apple, by suggesting that direct cost impacts may be less severe than initially feared. This sentiment is likely to contribute to a re-rating of Apple shares and those of other companies covered by the firm. For now, forecasts are low, but this suggests that won’t be long.
Also Read: Bitcoin Crossing $100K This Week? Will Dogecoin & Shiba Inu Follow the Surge?
Ultimately, the current US stock market is extremely volatile. Amid geopolitical concerns and brewing trade wars, Wall Street has been forced to embrace uncertainty. Thus, many analysts are suggesting to buy the dip on big tech stocks like Apple (AAPL) that are currently trading at much cheaper prices. Signs like the company returning to $3 trillion market capitalization are still promising.
Read More
Eli Lilly (LLY) Stock Jumps 16% in a Day: Here’s Why