FinanceQuartzabout 1 hour ago
Apple Stock Hits $5 Trillion Market Cap
3 min read
Apple closed above $5 trillion in market value for the first time on Oct. 14, overtaking Nvidia $NVDA. The stock trades at 36 times expected earnings, nearly double the S&P 500, as investors await fiscal fourth-quarter results showing an 11% jump in sales to $113.5 billion. CEO John Ternus leads the upcoming earnings discussion.
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