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.
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179 Articles
Apple reportedly briefly reached a market capitalization of $5 trillion.
Apple hits $5tn by sitting out the AI spending race
Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market value on Tuesday. Shares hit a session high of $342.89 before easing to close at $340.08, just under the […] This story continues at The Next Web
Apple briefly became only the second publicly traded company in history to surpass $5 trillion in market value on Tuesday, the company's first since chipmaker Nvidia Corp.
Apple was the second company to break the five-billion-dollar stock market value mark, with an interim price increase of almost two percent to the record high of 342.89 dollars per share in US trade. After that, Apple initially re-listed just below the five-billion mark – but still as the most valuable company on the US stock exchange in front of chip specialist Nvidia.Nvidia was the only company to date to bring it to five-billion-dollar stock …
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