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Apple Nears $1 Trillion; Amazon Poised to Overtake
2 Nov
Summary
- Apple is close to becoming the first US public company valued at $1 trillion.
- Apple's stock surged following a $100 billion share buyback announcement.
- Amazon's stock is growing faster, potentially surpassing Apple's valuation.
As of November 2, 2026, Apple is nearing a significant milestone, with its stock market valuation approaching $1 trillion, currently standing at $964 billion. This surge has been propelled by the company's announcement of a $100 billion share buyback program, alongside increased investment from Berkshire Hathaway. Several Wall Street analysts predict Apple's valuation will surpass the $1 trillion mark.
However, Apple may soon face competition for the title of the first trillion-dollar US public company. Amazon, currently second with a market capitalization exceeding $780 billion, has seen its stock price soar by 70% over the last 12 months, significantly outpacing Apple's 24% rise during the same period. Projections indicate that if Apple's stock continues its previous year's growth rate, it will reach $1 trillion in September 2026. Amazon, following a similar trajectory, is expected to hit this valuation the following month and could subsequently overtake Apple. This momentum for Amazon is attributed to the ongoing shift of consumer shopping online and businesses migrating their IT infrastructure to cloud services.
