New Delhi Apple crossed the historic USD 5 trillion market capitalization mark during trading on Tuesday, becoming only the second publicly listed company in the world to reach the milestone.
The development came just a day after the iPhone maker overtook Nvidia to reclaim its position as the world’s most valuable publicly traded company.
According to market data, Apple shares climbed to an intraday high of USD 342.89, pushing the company’s market valuation to approximately USD 5.036 trillion. However, the stock gave up part of its gains later in the trading session, ending at USD 340.08 per share. At the close, Apple’s market capitalization stood at around USD 4.99 trillion, marginally below the USD 5 trillion threshold.
The brief crossing of the landmark valuation underscores strong investor confidence in the technology giant, which has witnessed sustained buying interest in recent months. Apple’s stock has risen nearly 25 per cent so far this year, outperforming several other mega-cap technology companies amid continued optimism over its product ecosystem, services business and artificial intelligence initiatives.
Apple and Nvidia continue race for market leadership
