Apple shares touched an all-time intraday high on Tuesday, briefly pushing the company's market capitalization above $5 trillion before it closed just under that mark. The move follows a run-up tied to Apple's newest iPhone lineup.
Apple stock hit an intraday high of $345.34 on Tuesday, before easing to close the day at $339.75. That put the company's market capitalization at $4.96 trillion at the close.
During the session, Apple briefly crossed the $5 trillion market-capitalization threshold, according to Dow Jones Market Data. Crossing that level, even briefly, would put Apple alongside Nvidia in a small group of companies that have reached the $5 trillion mark.
The rally builds on Apple's newest hardware push. Shares have climbed 7% since Apple unveiled the iPhone 18 Pro models and its first-ever foldable iPhone, the iPhone Duo. A disciplined approach to AI spending has also supported the stock's climb to new highs this year.
Source: MarketWatch.com (snippet-based)
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