Apple becomes second $5tn company as investors flee AI stocks

Source: www.theguardian.com · Section: business-tech · Bias: Center-Left · Published: Tue, 28 Jul 2026 20:33:14 GMT

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-offApple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off.The iPhone maker’s shares hit a session high ⁠of $342.89 on Tuesday, giving it a market ⁠capitalisation of $5.04tn (£3.78tn), then eased back down to $340.08 – around the $5tn mark. Continue reading...

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The same story across the political spectrum (15 sources)

Left: Trump privately raging as one of his 'biggest headaches' refuses to budge: report — www.rawstory.com
Left: 'Kill shots': WSJ infuriated as Trump's FDA repeats 'absurdities' to stifle medicine — www.rawstory.com
Center-Left: South Korean stock market at three-month low as AI sell-off intensifies — www.theguardian.com
Center-Right: Apple tops Nvidia as world’s most valuable company — thehill.com
Center-Right: Apple tops $5tn valuation for first time — www.ft.com
Center-Left: Naga Munchetty to leave BBC Breakfast after 17 years for Radio 5 Live — www.theguardian.com

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