Apple briefly hits $5 trillion market cap

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. Shares rose 0.2% to $337.7, giving a market cap of $4.96 trillion, with a session high of $342.89 valuing the company at $5.036 trillion. The rally has been driven by strong product demand and Apple's decision to avoid heavy AI spending, instead relying on Google's technology. The company also launched a device leasing program through Klarna to aid demand.