Apple becomes first to top $5 trillion market value, second after NVIDIA

Apple’s market cap briefly topped $5 trillion for the first time as its stock hit a record high in New York trading.

The company’s shares are up 24% this year, outpacing many megacap tech peers.

Investors are rewarding Apple’s strong product demand and its more cautious approach to large-scale AI infrastructure spending.

Apple is supporting demand with pricing strategies and device leasing programs ahead of earnings on the 30th.