Apple became the first public company to close a trading day with a market cap over $3 trillion Friday, even as Goldman Sachs reportedly looks to shed its credit card partnership.
Goldman Sachs declined to comment on this report. Apple did not immediately respond to a request for comment.The news regarding potential future changes to Apple Card comes after Apple became the first public company to close a trading day with a market value of more than $3 trillion following Friday’s trading.
Apple stock was trading at $193.97 at Friday’s close following a gain of 2.3% during the trading day, which resulted in the company reaching a market value of $3.04 trillion. The company’s stock has continued to rise over the weekend, reaching $194.28 a share during after-hours trading on Sunday afternoon.
The Wall Street Journal reported that Goldman Sachs is in talks to offload its credit card partnership with Apple. The company’s market value briefly rose above the $3 trillion mark twice in January during intraday trading before closing just below that threshold.Nearly two years ago in August 2021, Apple closed at $2 trillion for the first time. Roughly two years before that, Apple topped $1 trillion for the first time.
Microsoft is the second most valuable public company with a market cap of $2.5 trillion. Oil giant Saudi Aramco follows Microsoft with a market value of $2.08 billion.FOX Business’ Brie Stimson contributed to this report.
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