Apple on Tuesday became only the third company ever to break through the $4 trillion market value milestone. Apple shares rose fractionally in early trading, just enough to briefly push the company’s value above the historic level.

Microsoft and Apple are now worth over $4 trillion apiece and are helping drive the Dow, S&P 500 and Nasdaq Composite to record levels as investors embrace the new iPhone and AI.

Apple briefly surpassed a $4 trillion market valuation for the first time on Tuesday, becoming the third major tech company to achieve the milestone after Nvidia and Microsoft. Shares climbed to $269.

Apple ( AAPL) has become the latest company to reach the $4 trillion market cap mark, joining the likes of Nvidia ( NVDA) and Microsoft ( MSFT ). Apple's shares received a further boost following Counterpoint Research's report that the new iPhone 17 lineup outsold the iPhone 16 over the first 10 days it was available in the US and China.

Even though Nvidia is the tech market leader, Apple has surpassed $4 trillion in valuation right after market open after a surge in share prices in October mostly because of positive analyst sentiment over the iPhone 17.

Apple tops $4 trillion in market value as iPhone 17 sales surge in India, China, and the U.S., even as delays in its AI rollout worry investors.

Wedbush highlighted strong demand for Apple's (AAPL) iPhone 17 and AI initiatives as key while the company marches towards the $4T market cap club.

A note from analyst Ming-Chi Kuo, whose supply chain sources are often accurate about Apple’s future plans, said yesterday that demand for the iPhone Air “has fallen short of expectations” and that “both shipments and production capacity” were being scaled back to account for the lower-than-expected demand.