Apple, a tech giant, recently marked its 44th anniversary since its initial public offering (IPO). This significant event comes as its market capitalization reached a new all-time high, emphasizing its remarkable growth over the past four decades. Keith Fitz-Gerald, the Group Chief Investment Officer of the Fitz-Gerald Group, delves into the details and provides insights on Apple and Palantir's stock trends.

Unraveling the Growth Stories of Apple and Palantir

Apple's IPO Anniversary and Market Capitalization

Apple's journey since its IPO on December 12, 1980, has been nothing short of extraordinary. On Thursday, it commemorated this 44th anniversary just days after achieving a new market capitalization high. During Wednesday's trading session, Apple shares reached an all-time high of $250.42, following a record close of $247.70 on Tuesday. Although it has since slightly declined to just under $248 per share on Thursday, its market capitalization of $3.74 trillion remains near its peak. This surge in stock value is a testament to Apple's continuous growth and dominance in the tech industry.Investors who bought Apple stock at the IPO price of $22 per share and held it for four decades have witnessed massive growth in their investments. The company has also conducted five stock splits since its IPO, which have significantly increased the share count. For example, an initial investment of $1,000 would have bought 45 shares at the IPO. After accounting for the stock splits, those 45 shares would have grown into 10,080 shares. Based on Thursday's closing price of $247.96, this initial $1,000 investment is now worth nearly $2.5 million, without considering dividend reinvestment.

Palantir's Path to $100 per Share

Keith Fitz-Gerald's analysis extends to Palantir stock as well. He explains the factors and trends that suggest Palantir is on a path to reach $100 per share. Palantir, with its unique capabilities in data analytics and intelligence, is positioned to capitalize on the growing demand for such services. The company's innovative solutions and strategic partnerships are likely to drive its stock value upward. Fitz-Gerald's insights provide valuable perspectives on Palantir's future prospects and the potential for significant returns for investors.

Apple's Stock Splits and Their Impact

Apple has conducted a series of stock splits over the years, including three two-for-one splits in 1987, 2000, and 2005, as well as a seven-for-one split in 2014 and a four-for-one split in 2020. These splits have had a profound impact on the share count and the overall value of Apple shares. The increased share count has made the stock more accessible to a wider range of investors, while also enhancing liquidity in the market. Each split has played a crucial role in shaping Apple's stock performance and its position as the world's most valuable publicly traded company.In conclusion, Apple's 44th IPO anniversary and its continued growth in market capitalization are remarkable achievements. Keith Fitz-Gerald's analysis of Apple and Palantir's stock trajectories offers valuable insights for investors looking to understand these companies' future prospects. The stock splits have also been a significant factor in Apple's stock evolution, and their impact continues to shape the company's market value.