Apple hits $5 trillion valuation following record share price
Apple reached a historic $5 trillion market capitalization after its share price hit a record high of $342.89 during US trading.
Apple's market capitalization surpassed $5 trillion for the first time during US trading, driven by a record share price of $342.89. The stock rose nearly two percent intraday before settling slightly below the threshold.
The surge makes Apple the second company after semiconductor manufacturer Nvidia to achieve a $5 trillion valuation. Strong demand for the new iPhone 17 series has significantly boosted performance, helping the tech giant expand its market share in the premium smartphone sector.
Apple stock has gained approximately 24 percent since the start of the year and nearly 60 percent over the past 12 months.
Sources: La Stampa, ORF.