Apple drives NASDAQ to all-time high on ARM Mac rumors

Apple's stock rose at the same time there was more confirmation of it moving to ARM processors for the Mac

Apple is continuing its path to being a $2 trillion company, with its stock on the Nasdaq Composite Index closing at almost $1.5 trillion on Tuesday. Its figure of $343.99 per share is an all-time record for Apple, but Amazon, Facebook, and Microsoft, all hit records too.

According to CNBC, Facebook was the only one of this quartet that closed at under $1 trillion. Apple's performance was the best, and together the four companies represent a combined market value of nearly $5 trillion.

Apple's performance represented more than a 3% increase for the day, and it came as more confirmation broke of the company transitioning to ARM processors.

Overall, Apple has benefited, as have all major technology firms, from the coronavirus lockdown meaning more people working from home, and so buying more equipment.