All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

This maker breakout begins with the race to $4 trillion. Apple nearing that market cap milestone after making another major move higher.

The stock making its eighth straight intraday high today. We'll keep our eyes there. Look at that. Three and three quarters trillion dollars. Not to be out done.

Alphabet's been on the move too. It's in the midst of a big move. It's up 5% today. That's a

significant move. We'll have a deeper look at both mega cap names coming up. In the meantime,

take a look at the scorecard with 60 minutes to go in regulation in part because of those

two stocks. The NASDAQ is the outperformer today. Com service is getting a big boost as well from meta.

It was not anymore. Discretionary also one of the better sectors today. You see it there a third

of one percent. Takes us to our talk of the tape. Mega Cap Mojo and how it's returned lately.

We have Dear Gebosa on Alphabet, Steve Kovac, on Apple. Steve will start with you on why this stock has been running

of late. Yeah, just so many new all-time highs for Apple. And I wish I could tell you there was a single

catalyst that's driving the action here, but there's just a lot going on. So let me give you a little bit of rundown what we got.

First, there's the election of President-elect Trump and the idea that CEO Tim Cook's relationship

with him can help Apple dodge those Chinese tariffs as it did during Trump's first term.

Shares are up significantly since Election Day, about 11 percent, as you can see there.

And Trump said before the election,

he actually spoke with Tim Cook, and that Cook brought up EU regulators going after Apple's business as one of the topics in that discussion. Next, you have the artificial intelligence

device upgrade cycle, something we've been talking about since June. That's expected to be

elongated with the slow rollout of Apple Intelligence.

Still waiting for that final chat, GBT update to hit any day now.

City analysts today named Apple one of its top picks for 2025 and talked about Apple intelligence

launching in Europe and possibly China as growth drivers for the iPhone next year.

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