After falling behind some of its erstwhile competitors, (NASDAQ: AAPL) is back as the second most valuable company in the world, finally hitting the $4 trillion mark last week as Nvidia reached $5 trillion.

It's still trailing the S 500, which is up nearly 18% year to date, but it's finally gathering momentum, up 8%.

There were several positive updates last week that finally brought the market back on board with Apple stock. Investors were relieved that tariffs on goods brought in from China are going to be halved, and that Apple is committed to producing more goods in the U.S. But for the long-term view, there's something more important happening at Apple.

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Source Fool.com