Apple Becomes Second Company to Close Above $5 Trillion
Apple today closed with a market capitalization above $5 trillion, making it the second company to do so after Nvidia.
As noted by The Wall Street Journal, Apple's market cap has exceeded $5 trillion six times before today during intraday trading, but this is the first time the company stayed above the mark at closing.
Apple closed at $342.96, for a market cap of $5.005 trillion. The new valuation comes just over a month after John Ternus took over for Tim Cook as Apple CEO, and two days ahead of iPhone Duo pre-orders.
While Apple surpassed Nvidia to briefly become the most valuable company in the world in July, Nvidia has since retaken the title and continues to hold the top spot with a market cap of $5.33 trillion.
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