Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off
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 to 0.9% up at $339.91 – just above the $5tn mark.
