Apple briefly tops $5 trillion market value, becoming second company to hit milestone

3 min readJul 29, 2026 02:29 PM IST Apple has benefited from strong demand for its products as well as ​its decision ​to skip the ongoing AI spending ⁠race. (Express Image/Agencies)Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72 per cent at $339.33, giving it a market capitalisation of $4.98 trillion. At a session high of $342.89, Apple’s market value stood at $5.036 trillion. Apple became the most valuable company in the world earlier this month, overtaking chipmaker Nvidia – which had ⁠been ​at the top since June 2025 and was the first company ever to breach the $5 trillion threshold. Nvidia’s shares were last up 0.53 per cent at $197.63,