Apple becomes second company to hit 5 trillion market value, overtakes Nvidia

Apple has become the second company in history to reach a market value of $5 trillion. On July 28, 2026, Apple's stock price reached a high of $342.89 per share, briefly pushing its market value to approximately $5.036 trillion. Although the stock price later dipped slightly below the $5 trillion mark, Apple remains the most valuable company in the world, surpassing Nvidia.
Nvidia was the first company to reach the $5 trillion market value milestone, achieving this feat in May 2026 with a peak value of approximately $5.7 trillion. However, in recent weeks, the stock prices of AI companies, including Nvidia, have declined due to renewed doubts about the sustainability of the expensive boom in artificial intelligence infrastructure.
Apple's stock has risen by about 25% this year, outperforming other major tech companies such as Meta, Microsoft, and Alphabet. The company's decision to avoid heavy investments in AI, which have burdened its competitors with significant debt, has contributed to its strong stock performance. Additionally, Apple's strategy of maintaining the prices of its iPhones while increasing prices for other products like MacBooks and iPads has also contributed to strong demand.
Apple recently launched a leasing program for its devices in the U.S. through the payment firm Klarna, with monthly payments starting at $17.99 for an iPhone, $11.99 for an Apple Watch or iPad, and $24.99 for a Mac.
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