Is Apple Stock a Buy?
Investors continue to bite into Apple (NASDAQ: AAPL) stock. Consequently, Apple has become the first publicly traded company on U.S. exchanges company to achieve a $2 trillion valuation.
However, this also means that investors will have to wait for a $4 trillion market cap to double their money in this tech stock. Moreover, valuations reached levels not seen in years. Now, the question is whether these milestones will deter growth investors, or if Apple will continue its march higher. Investors will have to determine whether this record valuation is just the beginning, or if it is time to cash in gains.
Apple has experienced one milestone after another in recent days. It continues to surge since falling to its 2020 intraday low of $212.61 per share in March. Moreover, the 4-for-1 stock split announcement came right before it hit the $2 trillion mark. This also occurred just two years after it became the first American company to reach a $1 trillion market cap.
Source Fool.com
