Apple Hits Record $334 As Market Value Crosses $4.9 Trillion

Apple shares rose nearly 4% on Friday to an all-time high of $334.28, briefly pushing the company’s market capitalization above $4.9 trillion.

AAPL traded near $332.26 later in the session, up 3.3%, with about 24.8 million shares changing hands. The stock opened at $321.82 and did not trade below $321.39 before accelerating through its previous record.

Apple’s market value stood near $4.89 trillion at the latest price, leaving it behind Nvidia, which was valued at approximately $5.13 trillion. Apple briefly overtook the chipmaker earlier in July before Nvidia reclaimed the top position among publicly traded companies.

Revenue Growth And AI Roadmap Support Rally

The record extends a rally supported by stronger hardware sales, expanding services revenue and Apple’s next generation of artificial intelligence products.

Apple generated $111.2 billion in fiscal second-quarter revenue, up 17% from the previous year. Diluted earnings increased 22% to $2.01 per share, while iPhone revenue set a March-quarter record and services reached a new high. The board also authorized another $100 billion in share repurchases.

Apple introduced an upgraded Apple Intelligence platform and redesigned Siri at its June developer conference. Siri AI entered developer testing across iPhone, iPad, Mac and Apple Vision Pro, with a public beta scheduled for later in 2026.

The company also signed a Broadcom manufacturing agreement expected to exceed $30 billion. The multiyear commitment covers more than 15 billion U.S.-made wireless and custom silicon components.

Apple Moves Within Reach Of $5 Trillion

Apple has now surpassed both price levels highlighted when an earlier AAPL breakout opened a path toward $313 and $339. Friday’s $334.28 high left the stock less than 2% below the upper target and placed a $5 trillion valuation within reach.

The rally came during another volatile stretch for large technology companies. Intel jumped 11% after second-quarter revenue reached $16.1 billion, with stronger data-center demand lifting results above analyst forecasts.