Apple Becomes Second Company to Close Above $5 Trillion
Apple today closed with a market capitalization above $5 trillion, making it the second company to do so after Nvidia. As noted by The Wall Street Journal , Apple's market cap has exceeded $5 trillion six times before today during intraday trading, but this is the first time the company stayed above the mark at closing. Apple closed at $342.96, for a market cap of $5.005 trillion. The new…
Apple has become the second company to close at above $5 trillion in market capitalization, following Nvidia, as of its latest closing price. This achievement marks the first time Apple has maintained this valuation at the end of the trading day, surpassing its previous six intraday records. The company's current market cap stands at $5.005 trillion, as of a closing price of $342.96 per share.
This milestone occurred just over a month after John Ternus assumed the role of Apple CEO, succeeding Tim Cook, and is set to precede the anticipated release of iPhone Duo pre-orders. While Apple briefly claimed the title of the world's most valuable company in July, Nvidia has since reclaimed the position, currently boasting a market cap of $5.33 trillion.
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