Apple's (AAPL) stock has been on the rise amid expectations of a blowout iPhone 8 unveiling, which is expected later this year. Apple's market cap stands at $711 billion and TheStreet's Brian Sozzi said a few things need to happen before its market cap can reach $1 trillion. Alphabet's (GOOGL) market cap stands at roughly $576 billion, more than Facebook's (FB) and Amazon's (AMZN) .

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