Apple stock hits record high after December surge sent company's market value surging past Amazon to $2.3 TRILLION
Apple shares briefly hit an all-time intraday record high on Tuesday, as the stock continued a December surge that saw it cement its lead over Amazon as the most valuable U.S. company. Apple stock touched $138.79 in morning trading, before some investors locked in profits and the shares ended the session down 1.3 percent. Even so, Apple shares are up 13 percent for December and 80 percent so far this year, with just two trading sessions left in 2020. At $2.29 trillion, Apple's market capitalization has surpassed both Amazon ($1.67 trillion) and Microsoft ($1.69 trillion). A five-year view of Apple stock is seen above. Shares touched a record high on Tuesday Apple CEO Tim Cook is seen above. Apple shares are up 13 percent for December and 80 percent so far this year, with just two trading sessions left in 2020 Gene Munster, managing partner at Loup Ventures, predicted that Apple would again be the top-performing FAANG stock in 2021. The acronym refers to tech giants Facebook, Google