Apple Touches Landmark $5 Trillion Valuation
Apple reaches $5 trillion market valuation, becoming only second company after Nvidia to do so, driven by product-focused strategy vs AI investments. Shares rise 0.72% to record high of $342.89.
Apple Touches Landmark $5 Trillion Valuation
Apple has crossed the $5 trillion market valuation mark, becoming only the second company in history to reach the milestone after Nvidia. The iPhone maker's shares rose as much as 0.72% during trading to touch a record high of $342.89, lifting the company's market capitalisation to about $5 trillion. Apple's valuation has been driven by its successful strategy of prioritising products over expensive artificial intelligence (AI) infrastructure.