Business · Markets · 2 hrs ago
Apple Closes Above $5 Trillion Market Value for the First Time
Apple's market value closed above $5 trillion for the first time on Wednesday, reaching $5.005 trillion.
The iPhone maker is now the second company to close above that level, after Nvidia.
Apple shares ended at $342.96, a record closing price.
The company had crossed $5 trillion during trading six times before, but had not previously finished a day above it.
Nvidia still leads, with a market value of about $5.3 trillion.
The milestone came as the Nasdaq fell 1.88%, and Apple shares rose while the wider market was down.
Apple has spent less on artificial intelligence infrastructure than some other large technology companies, which have committed significant funds to building it.
Apple closed above a $5 trillion market value for the first time on October 14, 2026.
Its shares closed at $342.96, valuing the company at $5.005 trillion.
Apple became the second company to close above the threshold, after Nvidia.
Apple had reached $5 trillion during trading six times before, but had not previously closed above it.
Nvidia remained more valuable, with a market capitalization of about $5.3 trillion to $5.33 trillion.
- Who
- Apple, which became the second company to close above a $5 trillion market value.
- What
- Its shares closed at $342.96, giving the company a market capitalization of $5.005 trillion.
- When
- Wednesday, October 14, 2026.
- Where
- Not stated
- Why
- The articles attribute the rise to strong iPhone demand and say Apple’s shares rose despite a broader market decline. They also report that Apple spends less than some major technology peers on AI infrastructure.
This story does not have two clearly opposing sides.
Apple closed above a $4 trillion market value for the first time.
Apple crossed the $5 trillion market value mark during trading.
Apple closed at $342.96, giving it a $5.005 trillion market value.
- Closing share price
- $342.96
- Closing market value
- $5.005 trillion
- Apple’s rank
- Second, behind Nvidia
- Nvidia market value
- About $5.3 trillion to $5.33 trillion
- Nasdaq change on October 14
- Fell 1.88%
5 sources
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What people are saying
this isn't a partner or supplier issue. This issue is an incredibly strong demand.