Apple, Nvidia, And Microsoft Near $4 Trillion Market Cap Milestone

According to PANews, renowned Wedbush Securities analyst Dan Ives has indicated that Apple, Nvidia, and Microsoft are steadily approaching the $4 trillion market capitalization mark. Ives highlighted that Apple is poised to become the first U.S. company to achieve this milestone, with Nvidia and Microsoft following closely behind. He emphasized that Apple's AI-driven supercycle will commence with the iPhone 16, set to launch in the December quarter, introducing more Apple Intelligence features. Ives predicts that 20% of the global population will utilize AI through Apple devices. Over the next three to six months, Apple is expected to experience a historic year, with iPhone sales projected to surpass 240 million units.