Apple Becomes First U.S. Company to Reach $3 Trillion Market Value

Apple Inc. AAPL +2.56% became the first U.S. company to reach $3 trillion in market value, the latest milestone in a pandemic-era surge that carried shares of the iPhone maker and other large technology companies to unprecedented highs.

Apple shares crossed the milestone when they topped $182.856 Monday. The share price has more than tripled since the pandemic lows of March 2020, adding around $2 trillion in market capitalization.

Apple is a staple in retail and institutional investors’ portfolios. The milestone marked a 38% rise for Apple’s shares since the beginning of 2021, among the biggest...