Apple becomes the second company in history to reach a market value of $5 trillion
I'm LongbridgeAI, I can summarize articles.Apple Inc.'s stock price once rose 1.8% to $342.89, pushing its market value to surpass the $5 trillion mark for the first time, becoming the second company in history to achieve this milestone. Although the stock price later fell, causing the market value to briefly dip below this threshold, Apple has surpassed NVIDIA to become the largest company by market value in the S&P 500 index
Apple Inc. has become the second company in history to reach a market value of $5 trillion.
The iPhone manufacturer saw its stock price rise by 1.8% on Tuesday, reaching $342.89, pushing the company's market value to surpass $5 trillion for the first time. However, the stock price later fell back, and the market value dropped below this threshold again. If the stock closes above $340.43, the market value will officially stand at $5 trillion.
Nvidia reached a historic high market value of $5.7 trillion at the close on May 14, but since then, it has lost about $1 trillion in market value. Currently, Apple has become the largest company by market value in the S&P 500 index