Apple Closes Above $5 Trillion Market Cap for First Time at $5.005 Trillion

Apple Inc. closed with a record market capitalization of $5.005 trillion, becoming only the second company in corporate history to finish a trading session above the $5 trillion threshold, alongside Nvidia. According to Dow Jones Market Data, the stock had previously crossed the $5 trillion mark during intraday trading on six occasions, but Wednesday marked the first time it maintained the level through the market close. The milestone serves as a capstone for former CEO Tim Cook's era while setting a benchmark for newly appointed Chief Executive Officer John Ternus.