Apple briefly tops $5 trillion market value for first time
Apple's market capitalization briefly exceeded $5 trillion, making it the second company after Nvidia to reach this milestone. The company's growth is attributed to strong product demand and a strategic decision to avoid heavy infrastructure spending on AI, opting instead to integrate existing AI technologies.
Apple’s market capitalisation briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72% at $339.33, giving it a market capitalisation of $4.98 trillion. At a session high of $342.89, Apple’s market value stood at $5.036 trillion.
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