Apple has reached an extraordinary milestone as only the second company ever to hit a $5 trillion valuation. This surge comes amid a broad sell-off in AI and semiconductor stocks, with investors shifting focus away from AI spending. Apple’s shares climbed to a peak of $342.89, giving the company a market cap of $5.04 trillion before settling near the $5 trillion mark. This rally has been fueled by strong demand for Apple products and its choice to stay out of the AI investment frenzy.
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