United Kingdom, July 29 -- Apple has become only the second company in history to reach a $5 trillion market valuation, as investors moved away from artificial intelligence and semiconductor stocks during a wider technology sell-off.

The iPhone maker's shares climbed to a record session high of $342.89 on Tuesday (28.07.26), giving the company a market capitalisation of $5.04 trillion (£3.78 trillion) before easing slightly to around the $5 trillion mark.

Apple is now the world's most valuable company, overtaking Nvidia, which had held the top position since June 2025. Nvidia became the first company to surpass the $5 trillion milestone last October, driven by huge demand for its AI chips.

Unlike many of its technology rivals, App...