Apple touched $5 trillion intraday, joining Nvidia as the only companies to hit that valuation. AAPL closed just below the mark. The crypto market's $4.1T peak briefly topped Apple's worth.
Apple briefly crossed $5 trillion in market value during intraday trading on July 28, becoming only the second public company ever to reach that threshold. AAPL shares touched $340 before pulling back to close near $339.53, leaving the market cap between $4.96 trillion and $4.98 trillion at the bell.
Nvidia got there first. The chipmaker had already breached $5 trillion, making Apple the second entrant into what is now a two-company club. Prediction markets as of August 1 gave Nvidia about a 48.5% chance of being the largest company by market cap at month's end, according to data from Polymarket.
Apple's path to the milestone was gradual. The company had previously cleared $3 trillion, then $4 trillion, and finally $4.5 trillion in successive steps. The latest move came during a leadership transition, suggesting investors are betting on continuity.
The total crypto market cap surpassed $4.1 trillion in August 2025, a figure that briefly exceeded Apple's valuation at that moment. One company making phones and laptops is now worth more than the entire cryptocurrency ecosystem combined.
AlphaScala's model gives AAPL a score of 59 out of 100, a Moderate rating. The stock is up 0.78% on the session.
Apple's intraday $5 trillion touch is a round number, not a fundamental shift. The real competition is whether Nvidia or Apple finishes the month on top.
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