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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/30\/apple-3trillion-big-tech\/<\/a><\/br> Today, Apple saw<\/span> its market cap pass the $3 trillion threshold. The iPhone maker has reached that landmark before but has never managed to hang on to it through the end of a trading day.<\/p>\n But this morning, with its shares up about 1.4% and\u00a0a significant $20 billion to $30 billion above the milestone, it seems the company is on pace to finally pull it off.<\/p>\n Less than five years ago, the \u201cBig Five\u201d \u2014 Apple, Alphabet, Amazon, Facebook, and Microsoft \u2014 was worth a combined $3 trillion<\/a>. It\u2019s striking how much of a difference a few years can make.<\/p>\n The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n Flying somewhat underneath the radar in tech and startup land is just how far technology stocks have rebounded this year. As CNBC wrote this morning<\/a>, the Nasdaq\u2019s performance in the first half of 2023 could \u201cbe the strongest for the index since 1983.\u201d For startups, the rising value of tech stocks is slowly lifting revenue multiples<\/a>, which reduces the pressure on future fundraising because their public market comparable companies are now worth more.<\/p>\n
\nAs Apple reaches $3T, it\u2019s time to shake up the Big Tech club<\/br>
\n2023-06-30 21:44:25<\/br><\/p>\n
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