Apple hits $5tn by sitting out the AI spending race

Key Topics in this News Article:
News Snapshot:

Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market value on Tuesday. Shares hit a session high of $342.89 before easing to close at $340.08, just under the mark, CNBC reported. Only Nvidia has been there before, when it crossed $5tn last October. Apple passed Nvidia a day earlier to reclaim the title of world’s most valuable company. The chipmaker had held that spot since June 2025. Rewarded for sitting it out The…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form