Apple is a $3 trillion company again, for the first time since August

Apple Inc. is once again worth $3 trillion, hitting that milestone Tuesday for the first time in more than four months.

Shares of Apple AAPL, +1.01% closed up 2.1% in Tuesday’s session, giving the company a market capitalization of $3.01 trillion. The company hasn’t been valued in $3 trillion territory since Aug. 3, according to Dow Jones Market Data.

Apple’s stock is up 49% so far in 2023, and it’s on track to post its best yearly performance since 2020, when it ran up 81%.

At the same time, Apple shares haven’t seen the same year-to-date gains as much of the rest of the Magnificent Seven. While Alphabet Inc.’s stock GOOG, +5.34% GOOGL, +5.31% has advanced 48% so far this year, shares of Microsoft Corp. MSFT, +0.58%, Amazon.com Inc. AMZN, +1.63%, Tesla Inc. TSLA, +1.37%, Meta Platforms Inc. META, +2.88%, and Nvidia Corp. NVDA, +2.40% have all seen more sizable runs higher.

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