Apple Starts Morning Trading Above Record $3 Trillion Valuation

Apple stock was up 1.2% when Wall Street opened Friday morning, valuing the company at $3.01 trillion, according to Bloomberg.

To cement that historic milestone for the day, the technology giant will need to close at or above $190.73, according to Barron's.

Shares in Apple have risen roughly 47% so far this year, a sign of the dominance of big technology companies in the market's rally, says Bloomberg.

The company already broke the $1 trillion and $2 trillion market cap milestones. If it shares close Friday at or above $190.73, it will become the first publicly traded company to cement a $3 trillion valuation.

The iPhone maker briefly rose above the $3 trillion level in early 2022 in intraday trading but closed at a $2.99 trillion market cap.