Apple saw its market value soar nearly $191 billion in a single day — a record for a US-listed company

Apple is the world’s most valuable company by market cap.
Tech giant Apple’s market value soared a record $190.9 billion on Thursday, per Bloomberg.
Its market cap skyrocketed to $2.34 trillion, thanks to Apple’s shares soaring 9% amid a broader rally. 
It is the world’s most valuable company again, after briefly being dethroned by Saudi Aramco earlier this year.

Tech giant Apple hit a huge milestone on Thursday when its market value surged $190.9 billion in a single day — a record for a US-listed company, per Bloomberg.

That’s thanks to a market rally, which skyrocketed Apple’s market capitalization to $2.34 trillion.

Shares of Apple — now the world’s most valuable company — closed 8.9% higher at $146.87 on Thursday alongside a broader stock market surge. The surge was fueled by data which showed US inflation cooled in October, and stoked hopes that the Federal Reserve would slow its pace of interest rate hikes.

But despite Thursday’s rally, it’s been a brutal year for tech…

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This article was written by [email protected] (Huileng Tan) and originally published on markets.businessinsider.com