AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.
Apple on Friday regained a market valuation above $2 trillion after briefly losing it Thursday in a large-scale tech industry stock sell-off.
The AAPL share price closed at $120.96 at end of trading, up 0.066% on the day. Apple's stock price hit a low of $111.17 in intra-day trading on Sept. 4, representing a 7.44% bleed since trading began.
Apple's reclaiming of a $2 trillion valuation comes the day after it bled nearly $180 billion in market capitalization. On Thursday, Apple's share price was down nearly 8% in intra-day trading amid a broad sell-off of tech stocks. It marked the worst day of trading for technology stocks since a coronavirus plunge in March, in which Apple saw a 12.5% drop.
According to MarketWatch, Apple's plunge was the worst one-day loss in value for any company ever. Tech stocks led the self-off, and all three major indices showed major losses across other segments.
The dip Thursday follows several months of steady growth for the Cupertino tech company and several quarters of better-than-expected earnings. Apple became the first U.S. company to hit a $2 trillion valuation on Aug. 19, 2020. Apple's share price is still up nearly 113% since a coronavirus-sparked low on March 23.
Apple's current share price has been readjusted due to the recently completed four-for-one stock split on Aug. 31. The split gave each shareholder three additional shares for every one held, each at 25% of their original value.