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- October 17, 202612°
Apple joins Nvidia in the $5 trillion club
Apple became the second company in history, after Nvidia, to end a trading day valued above $5 trillion, narrowing the gap between the two giants to about $300 billion.
The race among the world’s biggest technology companies has a new member in the "$5 trillion club." Apple shares rose about 0.5% on Oct. 14 to a record close of $342.96, and the company’s market value finished a session above $5 trillion for the first time, at about $5.01 trillion.
Until now, only Nvidia had closed above that level, first doing so in October 2025. The chipmaker remains the world’s most valuable company at about $5.3 trillion, but its lead over Apple has narrowed to roughly $300 billion.
Nvidia and Microsoft in the red
Apple’s record came on a day its rivals lost ground: Nvidia fell about 3.2% and Microsoft about 1.8% amid a sell-off in technology stocks.
According to The Wall Street Journal, Apple had climbed above $5 trillion during trading six times before but failed to hold it into the close. It first touched the mark intraday on July 28.
The milestone came about six weeks after a change at the top: John Ternus took over as chief executive from Tim Cook on Sept. 1.
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