Apple’s stock has gained about 25% so far this year|Dick Thomas Johnson|CC BY 2.0
Apple’s market cap briefly surpassed $5 trillion on Tuesday after its share price hit $342.89, making it the world’s most valuable company. It became only the second publicly traded company to reach the milestone, after Nvidia.
Nvidia first crossed the threshold in October 2025. Its market valuation now stands at $4.78 trillion.
By the close of trading, the iPhone maker’s shares rose 0.72% to $339.33, bringing its market value to $4.98 trillion.
Apple’s stock has gained about 25% so far this year, outperforming the Magnificent 7 tech giants including Nvidia, Meta, Alphabet, and Microsoft.
Analysts note that while other Big Tech firms heavily spend on AI and data center infrastructure, Apple has benefited from avoiding it by relying on Google’s AI for services like Siri.
Apple leases devices now
To further boost consumer demand, Apple also introduced a US device leasing program in partnership with payment provider Klarna. The new Apple Upgrade plan offers monthly payments starting at $17.99 for iPhones, $11.99 for Apple Watches and iPads, and $24.99 for Macs.