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Apple's market capitalization surpassed $5 trillion at the close of trading on October 14th, becoming the second company after Nvidia to reach this milestone. This achievement coincided with the leadership transition to new CEO John Ternus, who now faces the challenge of maintaining growth and integrating artificial intelligence into the company's device ecosystem.
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Summary by ByteBrief

Apple closes above a $5T market cap for the first time, the second company after Nvidia to do so; Apple had crossed $5T six times intraday previously (Rolfe Winkler/Wall Street Journal)
Apple Becomes Second $5 Trillion Firm

JP Morgan Raises Apple Target to $360