TradingKey – Apple ( AAPL) has achieved another capital market milestone.

On Tuesday (July 28) Eastern Time, Apple’s stock price hit an intraday high of $342.89, briefly pushing its market capitalization to approximately $5.04 trillion, while its stock has gained 25% year-to-date. Apple has thus become the second publicly listed company globally to surpass a $5 trillion market cap, following Nvidia ( NVDA ). Just a day earlier, Apple’s market capitalization had just surpassed Nvidia’s, reclaiming its crown as the world’s most valuable company.

Unlike Google ( GOOGL ), Microsoft ( MSFT ), Meta ( META) and Amazon ( AMZN ), which have invested heavily in building AI data centers, Apple has maintained relatively restrained capital…