Apple closed Wednesday with a market value above $5 trillion for the first time. The stock finished at $342.96, up 0.5 percent on Nasdaq, which put its market capitalization at $5.01 trillion.
Apple first touched $5 trillion in intraday trading on July 28, but it had not held the level through a close until now. That makes it the second company to close above $5 trillion, after Nvidia reached the mark in October 2025.
Apple rose while most of big tech fell
The gain was small, but it came on a day when much of the tech sector traded lower. Six other large tech names all finished in the red:
- Oracle, down 8.83 percent
- Meta, down 3.27 percent
- Nvidia, down 3.16 percent
- Microsoft, down 1.8 percent
- Amazon, down 1.74 percent
- Google, down 1.68 percent
During the session, Apple’s stock reached $347.07, which is 0.31 percent below its intraday record of $348.15.
The climb from $4 trillion to $5 trillion took less than a year
Apple reached $4 trillion on October 28, 2025, and it closed above $5 trillion on October 14, 2026. The earlier milestones came on August 2, 2018 for $1 trillion and August 19, 2020 for $2 trillion, both firsts for a publicly traded company.
The latest stretch included a rough patch when Apple announced Mac and iPad price increases in July because of rising component costs, and the stock briefly dipped before recovering within days.
The close follows a run of launches under John Ternus
The milestone comes after the iPhone 18 Pro lineup and the iPhone Duo, plus the Apple HomeView, HomePod mini 2 and Apple TV 4K that Apple announced on Tuesday. A Mac and iPad launch is still ahead this month, according to our October launch schedule.
The stock is up roughly 5 percent since John Ternus became CEO on September 1, or 8.2 percent measured from the August 31 close of $316.85. Apple reports fiscal fourth-quarter earnings on November 2, which will show how rising component costs and the recent hardware price increases have affected the business.
Our Take
Closing above $5 trillion is harder to dismiss than the July intraday touch, and it came on a day when most large tech stocks fell. The November 2 earnings report is the next test, with the Mac and iPad price increases and component costs in focus.
