Apple shares gain to breach $3trn value again 

The gains in Apple shares come as technology stocks rebound on bets that the Federal Reserve may be slowing its pace of interest rate hikes as well as on the buzz around artificial intelligence.

Apple's market value briefly peaked at above $3trn in intra-day trading on January 3, 2022, before closing the session just below that mark.

Apple's market value breached the $3trn mark for the first time since January last year, as investors bet on the iPhone maker's ability to grow revenue even as it explores new markets such as virtual reality.

Shares of Apple, which is also the world's most valuable, touched a record high of $193.15 during the session. They have jumped nearly 46% this year and, at the current price, the company's market value stands at around $3.02trn (€2.77trn).