Apple is approaching a significant milestone, nearing a $5 trillion market capitalization. The company's stock closed at $336.91, marking an increase of approximately 22.5% since late June.

This surge has propelled Apple's market cap to around $4.94 trillion, making it the world's most valuable public company once again, surpassing Nvidia. The exact market cap can fluctuate due to factors like Apple's ongoing share buyback programs.

In other Apple news, the upcoming iPhone 18 Pro is anticipated in less than two months, featuring a smaller Dynamic Island and 5G via satellite. Additionally, a redesigned "MacBook Ultra" is expected between late 2026 and early 2027, and a new "Apple Upgrade" program is set to launch on Tuesday, July 28.