Apple's market cap briefly tops $5 trillion, second company after Nvidia
Apple's market capitalization briefly exceeded $5 trillion on July 28, making it the second company after Nvidia to reach that level. The stock hit an intraday high of $342.89, giving a market value of about $5.036 trillion, before closing below the threshold on profit-taking. Apple has regained the top spot by market cap this month, surpassing Nvidia, which first crossed $5 trillion in October 2025 but has since fallen below.
On the New York Stock Exchange on July 28, Apple's market capitalization briefly surpassed $5 trillion (about 820 trillion yen), making it the second company to reach that value after U. S. semiconductor giant Nvidia. While markets remain cautious about massive investment in artificial intelligence, Apple has been buoyed by steady demand for its products.
Apple's shares hit an intraday high of $342.89, lifting its market cap to approximately $5.036 trillion, before closing below the $5 trillion mark as profit-taking emerged.
The company reclaimed the top spot in market capitalization this month, overtaking Nvidia, which had held the lead since June 2025. Nvidia first broke through the $5 trillion threshold in October 2025, but its market value has since fallen below that level.