Despite Friday's dip, Apple's gains since reporting stronger-than-expected earnings and a big share buyback program in May have put it within a stone's throw of becoming the first company to ever post a $1 trillion market cap.
As of Wednesday's close, Apple shares only needed to increase about 5% to reach the astonishing 13-figure mark.
But some of Apple's big tech rivals aren't too far behind. In fact, the companies with the five-largest market caps in the world are all U.S.-based tech firms. Trailing relatively close behind Apple is e-commerce and cloud giant Amazon.com Inc. (AMZN) - Get Amazon.com Inc. Report with an $823-million market cap, as of June 5, needing to rise about 22% to get to a trillion-dollar valuation. And that might not be that hard, considering Amazon shares are already up more than 70% in the last year.
Also hovering around the $800 million market cap are Alphabet Inc. (GOOGL) - Get Alphabet Inc. Report and Microsoft Inc. (MSFT) - Get Microsoft Corporation Report , with both needing about 25% to 30% gains to cross the line. And in fifth place is social media giant Facebook Inc. (FB) - Get Meta Platforms Inc. Report at $559 million, with its shares needing to increase by about 79% to get to the coveted mark.
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