I'm LongbridgeAI, I can summarize articles.Apple became the second company to close with a market capitalization above $5 trillion, following Nvidia. Apple closed at $342.96, valuing it at $5.005 trillion. This milestone occurred for the first time at closing, despite previous intraday surges. The achievement comes shortly after John Ternus assumed the CEO role and ahead of iPhone Duo pre-orders. Nvidia remains the most valuable company with a $5.33 trillion cap.
As noted by The Wall Street Journal, Apple's market cap has exceeded $5 trillion six times before today during intraday trading, but this is the first time the company stayed above the mark at closing.
Apple closed at $342.96, for a market cap of $5.005 trillion. The new valuation comes just over a month after John Ternus took over for Tim Cook as Apple CEO, and two days ahead of iPhone Duo pre-orders.
While Apple surpassed Nvidia to briefly become the most valuable company in the world in July, Nvidia has since retaken the title and continues to hold the top spot with a market cap of $5.33 trillion.
Tag: AAPL
This article, "Apple Becomes Second Company to Close Above $5 Trillion" first appeared on MacRumors.com
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