Apple becomes second ever $5tn company as investors flee AI stocks

Apple briefly becomes second company ever to notch $5 trillion market value

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider…

Apple becomes World's second company to hit $5 trillion market valueApple briefly became the world's second company ever to reach a $5 trillion market value, marking a historic milestone in corporate history.It comes as Apple shares climbed as much as 1.8% to an intraday record…

Its shares were last up ​0.2% at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89, Apple's market value stood at $5.036 trillion.