July 28 (Reuters) - Apple's market capitalization 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 capitalization of $4.98 trillion. At a session high of $342.89, Apple's market value stood at $5.036 trillion.
Apple became the most valuable company in the world earlier this month, overtaking chipmaker Nvidia - which had been at the top since June 2025 and was the first company ever to breach the $5 trillion threshold.
Nvidia's shares were last up 0.53% at $197.63, valuing it at $4.78 trillion.
Apple has benefited from strong demand for its products as well as its decision to skip the ongoing AI spending race among Big Tech rivals that is sapping their cash flows and saddling them with humongous debt.
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Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion. At a session high of $342.89, Apple's market value stood at $5.036 trillion.
Apple became the most valuable company in the world earlier this month, overtaking chipmaker Nvidia - which had been at the top since June 2025 and was the first company ever to breach the $5 trillion threshold.
Nvidia's shares were last up 0.53% at $197.63, valuing it at $4.78 trillion.
Apple has benefited from strong demand for its products as well as its decision to skip the ongoing AI spending race among Big Tech rivals that is sapping their cash flows and saddling them with humongous debt.
#company
4 days ago
