Apple tops $5 trillion market cap, only second company to hit the milestone

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Apple (AAPL) connected Tuesday concisely became the 2nd publically traded institution successful past to deed a marketplace capitalization of $5 trillion.

The tech elephantine deed the milestone little than a twelvemonth aft topping $4 trillion successful October 2025.

Apple banal is up astir 24% twelvemonth to day and astir 60% implicit the past 12 months, driven by beardown iPhone sales.

Investors person criticized Cupertino, Calif.-based Apple implicit the past fewer years, acrophobic that the institution was excessively acold down successful the AI race. While Apple initially debuted its Apple Intelligence level successful 2024, it delayed cardinal parts of the software, including an upgraded mentation of Siri.

That led to enforcement shakeups astatine the company. Apple yet signed a woody to usage Google's (GOOG, GOOGL) Gemini AI models to powerfulness the dependable assistant.

337.61 +0.70 (+0.21%)

As of 10:00:08 AM EDT. Market Open.

Apple is present expected to motorboat the overhauled Siri arsenic a beta alongside its highly anticipated archetypal foldable iPhone and the iPhone 18 lineup aboriginal this fall.

The company's deficiency of dense AI vulnerability has meant it hasn't seen the aforesaid benignant of explosive maturation arsenic immoderate of its Big Tech peers since OpenAI (OPAI.PVT) released ChatGPT successful November 2022.

Of the group, Nvidia (NVDA) banal has benefited the most, climbing astir 1,125%, portion Meta (META) banal roseate astir 386% and Google jumped 226%. Shares of Apple, meanwhile, accrued 130% during that time.

But Apple was besides insulated from immoderate of the steep sell-offs that its AI-focused rivals person faced. Microsoft (MSFT) stock, for instance, has struggled since hitting an all-time closing precocious of $542.07 successful October 2025, falling astir 28% connected questions astir AI spending and growth.

AI, however, has deed Apple successful different way. The company, similar overmuch of the user tech industry, is presently contending with the AI-induced planetary representation and retention shortage.

That has forced Apple to rise prices connected its Mac and iPad products, among others. And portion the institution hasn't accrued iPhone prices yet, that could alteration with its upcoming smartphones.

All of this comes arsenic Apple CEO Tim Cook prepares to manus implicit the reins to incoming CEO John Ternus connected Sept. 1, marking 1 of the biggest enactment transitions successful the company's history.

Jared Blikre contributed to this story.