Mike Blake/Reuters
- Apple shares have been rallying for over a week.
- Apple is closing in on a $1 trillion market cap.
- Shares got a boost after Warren Buffett’s Berkshire Hathaway added to its position last week.
- Watch apple trade in real time here.
Apple shares are gaining ground for the ninth straight day, up just about 1%. They hit a record high of $189.56 earlier on Thursday.
The recent winning streak has the tech giant closing in on a valuation of $1 trillion. Shares would need to hit $203.48 apiece to reach that valuation, according to Bloomberg. Apple crossed the $500 billion threshold in 2012, and is competing with Amazon, Google, and Microsoft to become the first US company to reach the coveted $1 trillion market cap. Back in November 2007, PetroChina reached the mark.
Apple shares got a big boost last when Warren Buffett’s Berkshire Hathaway bought an additional 75 million shares to its existing stake. The good run for the stock was then further extended by after Buffett told CNBC, “I’d love to own 100% of it.”
Apple is now up 9.69 this year.
Markets Insider
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