Apple Inc. (AAPL.O), encouraged by prospects for its development into new countries and anticipations of a more temperate approach to interest rate hikes by the Federal Reserve, became the first corporation in the world to surpass a market value of $3 trillion.

In a month highlighted by investor enthusiasm in the promise of artificial intelligence, the iPhone maker’s increase was among the most notable. Share purchasers also showed a preference for businesses with robust balance sheets and cash flows.

The most recent quarterly report from Apple, released in May, which revealed that its revenue and profitability above analysts’ estimates, as well as its history of stock buybacks, strengthened its reputation as a secure investment in times of economic turmoil worldwide.

Related posts:

Default ThumbnailAfter State Media reports, Alibaba’s stock drops and then recovers Default ThumbnailIn its Virtual Land Sale, the Bored Ape NFT firm raises around $285 million in cryptocurrency Default ThumbnailXiaomi alleges the Indian agency of threatening ‘physical violence’ throughout the investigation Default ThumbnailAdmins of WhatsApp groups have been given greater privileges Default ThumbnailNvidia will pay a $5.5 million fine for ‘inadequate cryptomining disclosures’ Default ThumbnailDue to internet disruptions, Pakistan’s telecom sector loses 2.49 billion rupees Default ThumbnailApple has purchased nearly the entire supply of TSMC’s 3nm chips. Default ThumbnailA potential partnership between Tesla and Samsung may dominate the electric car industry. Default ThumbnailOpenAI Introduces the ChatGPT App for Smartphones Default ThumbnailSunwalk Group of China has begun work on a project to lay 16,000 km of fibre optic cable in Pakistan.