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Apple Joins Nvidia as Second Company to Exceed $5 Trillion Market Value

On October 15, Apple Inc. closed for the first time with a market value of $5 trillion, reflecting market optimism for its new product line, particularly the foldable iPhone. On that day, Apple's stock price rose by 0.5%, closing at $342.96, just surpassing the $5 trillion mark. This marks the first time Apple has achieved a closing market value of $5 trillion, having briefly crossed this threshold in July before retreating. Since the low point in August, Apple's stock price has risen by over 13%. Apple is the second company in the world to reach this market value milestone, following Nvidia.

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