Apple Inc. became the first $800 billion company Monday, as the stock surged to record highs. The stock was up as much as 3.2% to an all-time intraday high of $153.70 in afternoon trade, before paring some gains. With 5.21 billion shares outstanding as of March 31, that price gave the company a market capitalization of $801.37 billion, by far the biggest valuation among U.S. companies. The stock was currently up 3% at $153.47, valuing the company at $800.17 billion. Behind Apple, Google parent Alphabet Inc.’s market cap is $657.78 billion, Microsoft Corp.’s market cap is $530.36 billion and Amazon.com Inc.’s market cap is $450.96 billion, according to FactSet. Helping propel Apple’s stock to record territory was a ringing endorsement from billionaire investor Warren Buffett. Apple’s stock has now run up 32% year to date, while the Dow Jones Industrial Average has climbed 6.3%.
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