Saqib Ahmed and Noel Randewich

(Reuters: Apple (NASDAQ ) was Monday’s first publicly traded company that has a stock value greater than $3 trillion. It is the latest achievement in Silicon Valley’s dramatic stock rise since 2007.

Apple shares rose by around 5,800% in the five years since Steve Jobs, cofounder and ex-chief executive of Apple, unveiled the iPhone’s first version. This is far more than the 230% gain during that same time. (Graphic: Apple vs the S&P 500 since the iPhone’s introduction, https://fingfx.thomsonreuters.com/gfx/mkt/zdpxoqdrkvx/Pasted%20image%201641232975265.png)

Microsoft (NASDAQ.) and Amazon(NASDAQ.) briefly held the title of most valuable U.S. public company over the past three year, but Apple is now in the lead. Microsoft’s stock value is currently at roughly $2.5 trillion. Amazon’s, at around $1.7 billion, has fallen behind Alphabet’s (NASDAQ:) now at $1.9 Trillion. (Graphic: Apple vs other Big Tech, https://fingfx.thomsonreuters.com/gfx/mkt/gkplgljzdvb/Pasted%20image%201639173927883.png)

Many Big Tech businesses saw their shares surpass Apple’s 20% gain in 2021 by 34%. Microsoft and Tesla (NASDAQ;) each rallied approximately 50% in 2021. Alphabet surged 65% and Nvidia (NASDAQ.) rose 125%. The chipmaker’s stockmarket value now stands at $700 billion.

Apple now accounts for about 7% of the S&P 500, up from as little as 5% in June and back in line with where it started 2021. (Graphic: Apple’s weight in the S&P 500, https://fingfx.thomsonreuters.com/gfx/mkt/mopanqyzqva/Pasted%20image%201639174103861.png)

Apple traded at 30x its 12 month earnings on Monday, down from 32 in the early 2021. However, it is still trading at highs that were not reached since 2008 according to Refinitiv data. (Graphic: Apple’s PE valuation, https://fingfx.thomsonreuters.com/gfx/mkt/znvnexjojpl/Pasted%20image%201639174241611.png)

The analysts have raised their price targets for Apple’s stock as it has increased in value over the past few months. According to Refinitiv, J.P.Morgan in December and BofA Global Research on December both raised their prices targets for Apple stock to $210. Apple’s market cap would rise to $3.45 trillion if that price target is met, according to Refinitiv. (Graphic: Apple vs analyst price targets, https://fingfx.thomsonreuters.com/gfx/mkt/dwvkrzjndpm/Pasted%20image%201639173730845.png)