Apple has become the third company to see its market capitalization top $4 trillion, underscoring its role as one of the leading publicly traded tech companies and making it the second most valuable company in the world. Shares of the company briefly topped $269.53 soon after trading began on Tuesday, putting it above the milestone.

Apple was the first company to top $1 trillion, $2 trillion, and $3 trillion in market capitalization. But Nvidia beat it to the $4 trillion mark, on the back of surging investor interest in artificial intelligence. That company’s staggering chip sales have boosted its stock more than 400% since October 2023.

Apple’s march to $4 trillion began in earnest on Oct. 20, when Loop Capital upgraded its rating from hold to buy, citing improving demand for the iPhone

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