Apple is currently worth more than Alphabet, Amazon, and Meta

• Apple’s market value is now higher than that of Alphabet, Amazon, and Meta combined.
• The iPhone maker’s worth stands at $2.307 trillion, while its tech peers add up to $2.306 trillion.
• Tech stocks have suffered after posting poor quarterly earnings, but Apple dodged a wipeout

After closing Wednesday’s trade with a market value of $2.307 trillion, Apple is now more valuable than its fellow tech titans Alphabet, Amazon, and Meta together.

At the end of trading on Wednesday, the market capitalization of its three fellow tech titan competitors totaled $2.306 trillion. According to data from Yahoo Finance, the market capitalization of Facebook parent Meta was $240.07 billion, Amazon was $939.78 billion, and Alphabet, the parent company of Google, was $1.126 trillion.

Big Tech stocks had a severe selloff last week as a result of weak quarterly earnings. But after exceeding Wall Street’s revenue and profit projections for its fourth quarter, Apple’s stock has surpassed that of its rivals.

After its results, the stock price of the iPhone manufacturer increased by 8%. Following the release of their earnings results, Meta sank more than 20%, Amazon dropped by roughly 10%, and Alphabet dropped by less than 10%.

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The weak earnings reported by Alphabet, Amazon, and Meta indicated a waning interest in digital advertising. As their shares sank as a result of the poorly received results, billions were erased from their market values, and Amazon was forced to leave the club of companies with trillion-dollar market caps.

Apple’s stock has been up 0.16% during the last five sessions, whereas Alphabet has been down by 5.7%, Amazon has decreased by 17.0%, and Meta has decreased by 7.6%.

Despite its success, Apple’s market cap has decreased from the $2.193 trillion it had at the end of 2021. Tech stocks faltered in 2022 as investors lost interest in higher-risk assets as a result of a number of negative factors, including high inflation, rising interest rates, recessionary fears, and the conflict in Ukraine.