Apple Inc. (AAPL.O) became the first company to reach a $3 trillion market capitalization in expectations of entering new markets and a lower Federal Reserve interest rate hike.
Apple’s surge stood out in a month when investors focused on A.I., strong balance sheets, and cash flows. Apple’s quarterly report and stock buybacks made it a safer investment during global economic uncertainty.
TSLA.O’s market cap surged 28% in June. Ford Motor Co (F.N.) and General Motors Co (GM.N) formed partnerships to use Tesla’s charging network to boost Tesla’s stock.
Elsewhere Investors gambled on Nvidia Corp (NVDA.O) to profit from an artificial intelligence boom, raising its market cap 11.8% last month to $1 trillion.
The company’s shares soared after a May revenue projection almost 50% higher than Wall Street’s.
Apple and Microsoft Corp (MSFT.O) led the top 20 worldwide market-value corporations in June.
Last month, Alphabet Inc.’s (GOOGL.O) market cap declined 2.3% to $1.53 trillion after Microsoft’s Bing integrated ChatGPT’s A.I.
