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Apple market value tops $5 trillion for the first time as shares hit $342

Apple market value tops $5 trillion for the first time as shares hit $342

Apple surpassed a $5 trillion market capitalization for the first time on July 28 as shares hit $342, extending a roughly 25% year-to-date gain and setting a new valuation record for the iPhone maker.

Summary

Apple's market capitalization rose above $5 trillion for the first time on July 28, according to BIT market data, as shares traded at $342. The stock was up about 25% year to date, marking a fresh valuation milestone for the iPhone maker and underscoring how mega-cap technology stocks continue to dominate equity market valuations.

Terms & Concepts
  • market capitalization: Total value of a company's outstanding shares based on its share price.
  • year to date: Performance measured from the start of the year.
  • mega-cap technology stocks: The largest publicly traded technology companies, whose size gives them outsized influence on equity market performance.