Apple becomes second ever $5tn company as investors flee AI stocks

guardian

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Original Report

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Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off. The iPhone maker’s shares hit a session high ⁠of $342.89 on Tuesday, giving it a market ⁠capitalisation of $5.04tn (£3.78tn), then eased back to 0.8% up at $339.68 – around the $4.99tn mark. Enter your email to keep reading - for free. It takes just 30 seconds We’re committed to keeping our quality reporting open. By registering