Here's How Much Apple Stock Has to Gain to Overtake Nvidia as the Most Valuable Company in the World. Hint: It Could Happen by the Time You Read This.
Apple is likely to reclaim the lead again, although it's anyone's guess how long it will last.
Overview
After being the most valuable company in the world for years, Apple (NASDAQ: AAPL) was kicked down to second place and even third place by Nvidia and Microsoft over the past two years.
But after languishing in market underperformance last year, it's suddenly become a hot stock again. Investor sentiment has taken a positive turn as iPhone sales soar and Apple makes moves to stay dominant in its space, and it's just a hairsbreadth away from reclaiming the title of most valuable company in the world. In fact, it could reach it as you read this.
Image source: Apple.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.