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Apple (AAPL) Hits $5 Trillion Market Cap, Defying AI Spending Spree

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Apple's market cap briefly hit $5 trillion, becoming the second company to do so.
  • This milestone follows a 24% stock rally this year, driven by strong product demand and a strategic decision to avoid the costly AI spending race impacting Big Tech competitors.
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Stored market data

AAPL price history

332.27 +20.75% over the displayed period

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