Apple rode the company’s strong earnings report to become the world’s most valuable publicly traded company, surpassing the state oil giant Saudi Aramco at Friday’s market close. CNBC reports: Apple shares closed up 10.47% Friday, giving it a market valuation of $1.84 trillion. Saudi Aramco, which had been the most valuable publicly listed company since its market debut last year, now trails at $1.76 trillion as of its last close. Apple’s strong fiscal third quarter earnings, released Thursday, boosted its stock, as investors rallied behind the company’s 11% year-over-year growth. Apple also announced a 4-for-1 stock split. The company has recovered from its pandemic low-point in March. Shares are up more than 44% this year.
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https://apple.slashdot.org/story/20/07/31/2319241/apple-surpasses-saudi-aramco-to-become-worlds-most-valuable-company?utm_source=rss1.0mainlinkanon&utm_medium=feed