Apple briefly tops $5 trillion market value for first time
Apple’s rally reflects strong product demand and lower AI spending than rivals, with shares up 24% this year, analysts said.
- On Tuesday, Apple briefly surpassed $5 trillion in market value, reclaiming the world's most valuable company title from Nvidia after the chipmaker's shares fell nearly 5% on Monday.
- Unlike Big Tech rivals pouring hundreds of billions into proprietary AI infrastructure, Apple maintained capital discipline by relying on partnerships and rented computing capacity instead of building massive systems.
- Apple launched a U.S. device leasing program through Klarna on Tuesday to bolster upgrade cycles, while the company prepares to report fiscal third-quarter earnings Thursday with insights on AI-driven memory chip shortage impacts.
- CEO Tim Cook is set to step down September 1, with hardware engineering chief John Ternus taking over and pledging to preserve the financial discipline that defined Cook's 15-year tenure.
- Nvidia's shares fell to roughly $4.77 trillion on Monday amid investor concerns about unsustainable AI infrastructure costs, positioning Apple as a safer choice for those favoring proven earnings over speculative growth.
154 Articles
154 Articles
Apple Crosses USD 5 Trillion Market Cap on Tuesday Trading, Becomes Second Company to Achieve Milestone
Get latest articles and stories on Business at LatestLY. Apple crossed the historic USD 5 trillion market capitalization mark during trading on Tuesday, becoming only the second publicly listed company in the world to reach the milestone. The development came just a day after the iPhone maker overtook Nvidia to reclaim its position as the world's most valuable publicly traded company. Business News | Apple Crosses USD 5 Trillion Market Cap on Tu…
Apple crosses $5 trillion market cap on Tuesday trading, becomes second company to achieve milestone
Apple briefly crossed the $ 5 trillion market capitalization mark on Tuesday. The company reclaimed its position as the world's most valuable publicly traded entity. This development occurred just a day after overtaking Nvidia in market valuation. Apple's stock has seen significant gains this year, driven by product ecosystem optimism. Nvidia remains the only other company to have achieved this valuation milestone.
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Global markets today: During the Tuesday session, Apple share price briefly crossed the $5 trillion market capitalisation mark after overtaking Nvidia as the world's most valuable company
Apple touches landmark $5 trillion valuation, second only to Nvidia
Apple briefly crossed the $5 trillion market value mark on Tuesday, becoming only the second company after Nvidia to do so. The move underscored investor support for its product-led strategy ahead of earnings and fresh scrutiny of its AI plans.
Apple dethrones Nvidia as world’s most valuable company
For the past year, Nvidia has basically been sitting on the throne of Big Tech, powered by the AI boom and the insatiable demand for the GPUs running everything from ChatGPT to giant data centers. Now Apple has kicked the door open and taken the crown back. Apple’s stock jumped more than 1% Monday, pushing the company’s market value to roughly $4.94 trillion and putting it ahead of Nvidia, whose market cap fell to around $4.75 trillion after its…
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