“In fact, Apple has seen its market cap double from $300 billion to $600 billion in a mere 19 months,” CNBC reported.
With Monday’s gain, Apple eclipsed Microsoft’s peak market cap hit over 12 years ago in late 1999. “That happened at the height of the dot-com boom and just three months before the Nasdaq Composite peaked,” according to the report.
PowerShares QQQ
Full disclosure: Tom Lydon’s clients own AAPL and QQQ.