Apple’s market cap hits $900 billion

As noted by MarketWatch, Apple is the first publicly traded U.S. company to reach a $900 billion market capitalization. The tech giant passed the mark for the first time in intraday trade Wednesday.

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Apple is the most valuable publicly traded U.S. company, as no other businesses have a market cap exceeding $800 billion, notes MarketWatch. The company's shares reached a new intraday record high of $175.50 to accomplish the feat, and must close higher than $175.29 to keep the $900 billion mark.