The stock hit an all-time high Monday, and the company moved closer to a milestone — the first $1 trillion market value. Apple stock surged on Friday, when Buffett revealed on the eve of the Berkshire Hathaway annual shareholder meeting that Berkshire had acquired 75 million more shares.
Investors had feared that Apple’s best days were past. All of a sudden, they were thinking it could be the best of two worlds — a value stock and a growth stock — thanks largely to Buffett’s endorsement. The Apple rally has been good for the rest of tech as well. Apple may be the first US company to reach a vaunted $1 trillion market cap. But three others may not be far behind.