Apple reaches $5 trillion market cap, joining Nvidia in elite company

Apple closed above the $5 trillion valuation mark, becoming only the second publicly traded company to cross this threshold. Nvidia hit the milestone first earlier this year.

The achievement comes as CEO John Ternus faces pressure to advance Apple's artificial intelligence capabilities to fuel the next phase of iPhone growth. The company's massive valuation reflects investor confidence in its ability to integrate AI features across its product ecosystem while maintaining premium pricing power and services revenue streams that have become central to profitability.

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