Apple’s m-cap bigger than most countries’ GDP

Apple, which has added nearly $942 billion or 46% to its market capitalisation so far this year, is currently valued at over $3 trillion. Only 6 countries – US, China, Japan, Germany, UK and India — have a gross domestic product (GDP) bigger than Apple’s total market value.

Apple stock’s gain accelerated after reporting higher-than-expected revenue and profit in March quarter

The NYSE FANG+ index, which fell 40% in 2022, has rallied 76% so far this year

Tech-heavy Nasdaq index has surged 39% so far this year after declining 33% last year

Many tech stocks have fully rebounded from a 2022 fall, rewarding investors who saw the sell-off as too extreme

Apple, Alphabet, Microsoft, Amazon and Nvidia added nearly $3.2 trillion market cap in 2023, almost equal to India’s $3.5 trillion market capitalisation

These five companies command a market capitalisation of $9.5 trillion, 9% of all listed companies or 20% of America’s market capitalisation