Apple becomes second ever $5tn company as investors flee AI stocks | TheBriefWire
Apple becomes second ever $5tn company as investors flee AI stocks
Published 28 July 2026 Ā· finance
Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off Apple has become
Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off. The iPhone makerās shares hit a session high ā of $342.89 on Tuesday, giving it a market ā capitalisation of $5.04tn (Ā£3.78tn), then eased back to 0.9% up at $339.91 ā just above the $5tn mark. Continue reading...
Published: July 28, 2026 ā¢ 10:21 PM IST Ā· Updated: July 28, 2026 ā¢ 10:38 PM ISTBy TheBriefWire Editorial Team
Key points
Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off.
The iPhone makerās shares hit a session high ā of $342.89 on Tuesday, giving it a market ā capitalisation of $5.04tn (Ā£3.78tn), then eased back to 0.9% up at $339.91 ā just above the $5tn mark.
The BriefWire