Apple Hits $5 Trillion Market Cap as Chip Sell-Off Stokes AI Spending Fears
AAPL sits 68% above its 52-week low of $201.5 on light trading volume (0.2× avg).
Summary
Apple crossed the $5 trillion market cap milestone, overtaking Nvidia as the world's most valuable company. The move comes amid a broader tech sell-off triggered by a sharp decline in Asian semiconductor stocks—SK Hynix and Samsung both fell double digits—raising fresh concerns about the sustainability of massive AI infrastructure spending. The Nasdaq slipped while the Dow outperformed, reflecting rotation away from high-valuation tech. Apple's resilience contrasts with the chip sector's weakness, but the AI spending debate and emerging Chinese competition could pressure the entire ecosystem. The Fed's two-day meeting starting today adds macro uncertainty. This follows Apple's record Q2 results and $100B buyback authorization in April, reinforcing its financial strength.
At the time of this announcement, AAPL was trading at $337.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $201.50 to $342.89. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: CNBC TV18.