Apple Inc. (AAPL) is today flirting with the $5 trillion market capitalization line, which is the total value of all of the company’s outstanding shares. The company’s stock briefly passed the $340 mark in intraday trading, which pushed the company’s market cap above $5 trillion for the first time ever, making it the second stock to enter that stratosphere. That said, the stock price is fluctuating up and down, and at the time of this article, sits at the $339.175 per share mark, just short of the $5 trillion valuation zone.
The landmark comes less than a year after Apple surpassed the $4 trillion valuation in October 2025. Shares have climbed roughly 24% year to date and nearly 60% over the past 12 months, fueled by strong iPhone and Mac demand, even as the company has lagged behind some of its Big Tech peers in the generative AI race.
Apple is also dealing with an AI-driven global memory and storage shortage that has pushed up prices for some Mac and iPad models. Meanwhile, CEO Tim Cook is preparing to hand over the reins of leadership to incoming CEO John Ternus on Sept. 1. Investors will be watching closely to see what changes, if any Ternus makes in how Apple is run.
Apple is once again the world’s most valuable public company, having surpassed its closest competitor, Nvidia, which was the first stock to hit the $5 trillion valuation mark. Nvidia’s stock price is $197.60 at this writing.