Apple Surges to All-Time Highs, Nears Microsoft in Market Cap by $65 Billion

Jun 11, 2024, 07:15 PM

Apple Inc. ($AAPL) has surged to all-time highs, marking its biggest gain since November 10, 2022. The tech giant is now within $65 billion of Microsoft ($MSFT) in market capitalization, the closest the two companies have been since January. Additionally, Apple has reasserted its position over Nvidia ($NVDA) and is on the verge of surpassing Microsoft in market cap. $AAPL, $MSFT, and $NVDA each have a bigger market cap than the entire Russell 2k, suggesting that typical market breadth readings may not be as relevant as before.