Apple’s race does not stop. In the first hour of trading, the title of the Cupertino giant marks + 1.8% at $ 168.25, on the new all-time highs. The market valuation of Apple has thus exceeded 2.76 trillion dollars, further distancing the second in the ranking (Microsoft with 2.51 trillion).
Apple is back from more than + 3% yesterday with correspondence with a market struggling with a consistent sell-off dictated by concerns about the new Covid Omicron variant and the hawkish words of Jerome Powell. Investors flocked to Apple stock yesterday, according to Needham analyst Laura Martin, because the company has prodigious cash flow, allowing it to withstand any economic slowdowns and take advantage of falling prices. “There is a flight to quality with companies that you know will weather the storm, won’t go bankrupt, won’t have financial hardship,” said Martin in an interview with CNBC.