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The Guardian - UK
The Guardian - UK
Technology
Graeme Wearden and agency

REVEALED: Apple becomes second ever 5tn company as investors flee ai stocks | Vintage Vibes

Apple United States
A large white Apple logo is illuminated against a dark background and shadowed windows on the front of a store in Munich.
Apple’s shares hit a session high ⁠of $342.89 on Tuesday. Photograph: Matthias Schräder/AP

Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off.

The iPhone maker’s shares hit a session high ⁠of $342.89 on Tuesday, giving it a market ⁠capitalisation of $5.04tn (£3.78tn), then eased back down to $340.08 – around the $5tn mark.

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