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Apple, Microsoft cross $4 trillion market cap for the first time

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Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella.

Reuters

Apple and Microsoft shares rose on Tuesday, pushing the companies over a market cap of $4 trillion for the first time.

Both companies are still behind Nvidia, which is the world’s most valuable company with a market cap of over $4.6 trillion.

The milestone comes as Apple shares have been surging in recent weeks because iPhone 17 models, released in September, appear to be selling better than their predecessors.

Apple shares have risen for 11 out of the past 12 trading days. It reports fiscal fourth-quarter earnings on Thursday. Microsoft reports earnings on Wednesday.

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