Apple Nears $5 Trillion Market Cap, Poised to Reclaim Crown from Nvidia
AAPL sits 68% above its 52-week low of $201.5.
Summary
Apple's stock hit a new all-time intraday high of $339.50, pushing its market cap to $4.95 trillion and putting it on track to surpass Nvidia as the largest U.S. company. Nvidia has held the top spot for 272 trading days. Apple is the only Magnificent Seven stock near a record high, with the others at least 15% below their peaks. The milestone comes ahead of Apple's earnings report on Thursday, which could further validate the rally. The move reflects strong momentum and investor confidence in Apple's AI and product cycle narrative.
At the time of this announcement, AAPL was trading at $337.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $201.50 to $339.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.