By Newsmax Wires
Publication Date: 2026-10-15 00:14:00
Apple closed above a $5 trillion market valuation for the first time Wednesday, becoming only the second publicly traded company to reach the milestone as investors weigh the technology giant’s next phase under CEO John Ternus.
The Wall Street Journal reported that Apple shares rose 0.5% to a record closing price of $342.96, putting the company’s market capitalization at approximately $5.005 trillion.
The milestone came on Apple’s seventh trip above the $5 trillion threshold during regular trading, after six earlier occasions when its stock briefly pushed the company’s value above that level before falling back by the close.
Apple reached the landmark even as the broader technology sector struggled, with the Nasdaq Composite falling nearly 1.9% Wednesday amid concerns about inflation and the potential for higher interest rates.
Nvidia remains the only other company to have closed above $5 trillion in market value, with its valuation standing at roughly $5.3 trillion, according to The Wall Street Journal.
The achievement follows a period of sustained growth for Apple, whose market value increased roughly 13-fold during Tim Cook’s 15-year tenure as CEO.
Cook stepped down Sept. 1, handing leadership to Ternus, a longtime Apple executive who now faces the challenge of maintaining the company’s growth and technological edge.
Under Cook, annual iPhone sales nearly quadrupled, while Apple’s…
