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By Carl Howe

Due to investors buying Apple's (NASDAQ:AAPL) stellar earnings and the overall rout of the Dow Jones and NASDAQ markets yesterday, Apple's $127 billion market capitalization now exceeds Hewlett Packard's (NYSE:HPQ) (and coincidentally Verizon's (NYSE:VZ)) $123 billion cap.

Dell's (NASDAQ:DELL) $65 billion market cap isn't even in the running; next stop: Google's (NASDAQ:GOOG) $158 billion valuation?

AAPL/HPQ 1-yr comparison chart

appl hpq

Source: Apple's Market Cap Blows Past Hewlett Packard's