Apple’s market capitalization crossed the $3 trillion mark for the second time on Friday, with investors betting on the iPhone maker’s ability to grow revenue even as it explores new markets such as virtual reality, Reuters reported, citing Agerpres.

Shares of Apple, which is also the world’s most valuable publicly traded company, rose 0.9% to $191.4 a share in pre-market trading in the U.S. stock market.

At one point, Apple briefly reached a market capitalization of more than $3 trillion.

During the trading session on January 3, 2022, the market capitalization of the phone maker Apple was briefly above $3,000 billion, but it fell below this threshold at the end of the session.

Apple’s recent gains came amid a recovery in tech stocks amid bets that the U.S. Federal Reserve may slow the pace of interest rate hikes, as well as interest in artificial intelligence.

Article PHOTO: Norman Chan, Dreamstime.com.