Apple Closes Above $5T Market Cap for First Time — SkimNews
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- Apple closed above a $5 trillion market cap for the first time, becoming the second company after Nvidia to hit that milestone
- Apple had crossed the $5T threshold intraday six times before but never held above it at the close, and CEO John Ternus must now elevate Apple's AI strategy to sustain the valuation
Why it matters: Apple joins Nvidia as the only two companies ever to reach a $5 trillion market cap, and the WSJ frames CEO John Ternus's task — raising Apple's AI game — as the next phase that determines whether the stock holds that level.
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