Apple becomes second company to close above $5 trillion
Apple closed today with a market capitalization above $5 trillion, making it the second company to do so after Nvidia.
As noted The Wall Street JournalApple’s market capitalization has topped $5 trillion six times before today in intraday trading, but this is the first time the company has stayed above the mark at the close.
Apple closed at $342.96, for a market cap of $5.005 billion. The new valuation comes just over a month after John Ternus took over from Tim Cook as Apple CEO, and two days before iPhone Duo pre-orders.
While Apple overtook Nvidia to briefly become the world’s most valuable company in July, Nvidia has since reclaimed the title and continues to hold the top spot with a market capitalization of $5.33 trillion.
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