Constellation Analysis founder R ‘Ray’ Wang analyzes Microsoft, Meta and Apple on ‘Varney & Co.’
Apple and Microsoft joined Nvidia within the $4 trillion market cap membership on Tuesday after shares of the tech giants climbed, pushing each into the elite stage.
Ticker Safety Final Change Change % NVDA NVIDIA CORP. 201.03 +9.54
+4.98%
Nvidia, which hit the milestone in July, nonetheless leads each corporations with a market cap of about $4.8 trillion.
Apple
Shares of the tech big hit the mark intraday earlier than settling just under that stage of $269.53 per share. Shares closed at $269 apiece.
Ticker Safety Final Change Change % AAPL APPLE INC. 269.00 +0.19
+0.07%
The momentum is being fueled by Apple’s iPhone 17, which made its debut in mid-September.
Analyst Dan Ives of Wedbush Securities says buyers proceed to underestimate Apple.
“We believe that the Street is still underestimating the iPhone 17 cycle that we are seeing front and center with our estimates of 315 million of 1.5 billion iPhones globally not upgrading their iPhones in the last 4 years,” he wrote in a analysis observe to shoppers earlier this month.
APPLE BUILDING NEW FACTORY IN TEXAS
The iPhone 17 collection stands on show on the Apple Retailer in New York Metropolis, on Sept. 19, 2025. (Reuters/Shannon Stapleton)
Apple CEO Tim Cook dinner joined President Donald Trump, Treasury Secretary Scott Bessent and different enterprise leaders throughout Trump’s go to to Japan on Tuesday.
SEE IT: APPLE CEO TIM HELPS SELL THE IPHONE 17
President Donald Trump and Treasury Secretary Scott Bessent greet Apple CEO Tim Cook dinner on the U.S. Ambassador’s Residence on Oct. 28, 2025, in Tokyo, Japan. (Photograph by Andrew Harnik/Getty Photographs / Getty Photographs)
Regardless of hitting $4 trillion, Apple inventory this yr has gained simply over 7%, trailing the 23% rise within the Nasdaq Composite.
Ives can be on the lookout for extra element on the tech big’s “invisible AI strategy.”
Apple will report quarterly outcomes on Thursday after the shut of buying and selling.
Microsoft
Microsoft shares returned to the $4 trillion stage, closing at $542.07 per share on the identical day it reached a cope with OpenAI, which lets the corporate morph right into a public profit company that now has an estimated worth of $500 billion.
Ticker Safety Final Change Change % MSFT MICROSOFT CORP. 542.07 +10.55
+1.98%
MICROSOFT CEO PAY SOARS ALONG WITH STOCK
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) seems to be on throughout an occasion in San Francisco, California. (Justin Sullivan/Getty Photographs / Getty Photographs)
The current features are including to the practically 30% bounce this yr. Microsoft will report outcomes Wednesday after the shut of buying and selling.
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At $4 trillion, Apple and Microsoft at the moment are greater than the GDP of every particular person nation aside from Japan, Germany, China and the U.S., as tracked by Dow Jones Market Knowledge Group.
Ticker Safety Final Change Change % I:DJI DOW JONES AVERAGES 47706.37 +161.78
+0.34%
SP500 S&P 500 6890.89 +15.73
+0.23%
I:COMP NASDAQ COMPOSITE INDEX 23827.493224 +190.04
+0.80%
The features in these two shares are additionally serving to assist the most important U.S. averages with the Dow, S&P 500 and Nasdaq Composite sitting at file highs.
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