Apple's stock price breaks through $5 trillion in market value for the first time; The market value of AI giants evaporates by billions
2026-10-16 00:19:18
According to CoinMeta, Apple Inc. (NASDAQ : AAPL) surpassed a market value of $5 trillion for the first time on October 14th. Despite a general decline in tech stocks and billions of dollars in evaporated market value for artificial intelligence companies, Apple's stock price rose by 0.5% to close at $342.96, with a market value of approximately $5.005 trillion, making it the second publicly traded company to exceed a $5 trillion market value after NVIDIA. In contrast, NVIDIA and other AI infrastructure stocks suffered heavy losses, with investors re-evaluating the AI profitability of debt financing-driven expansion. According to Reuters, CoreWeave, Nebius, Oracle, and Dell collectively lost about $80 billion in market value during Wednesday's sell-off. Apple's success lies in its relatively low AI spending strategy, relying on existing hardware and devices for processing, thus avoiding massive investments in AI infrastructure compared to competitors such as Microsoft, Meta, and Alphabet.
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Source:Coinpaper
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