Apple closed above $5 trillion market valuation for the first time, joining NVIDIA as the only companies to reach the milestone. Apple's stock ended at $342.96, up 0.5% on the Nasdaq, pushing market cap to $5.01 trillion. The gain stood out as most tech peers fell, including Oracle down 8.83%, Meta down 3.27%, and Microsoft down 1.8%.
This was Apple's seventh intraday crossing of $5 trillion but the first to hold through the closing bell. Earlier today, shares hit $347.07, just 0.31% below the record high of $348.15.
The milestone follows major product launches including the iPhone 18 Pro lineup, iPhone Duo, and yesterday's Apple Home View, Home Pod mini 2, and Apple TV 4K. Apple is set to report fiscal Q4 earnings on November 2.
Since John Ternus became CEO on September 1, Apple stock has risen roughly 5%, reflecting investor confidence in the new leadership.
Source: 9to5Mac · Summarized by HeadlinesBriefing