Apple tops $5tn valuation for first time

Apple has surpassed a $5 trillion market valuation for the first time, reflecting unprecedented growth and the dominant role of technology in global economic dynamics. This milestone is attributed to investors seeking havens amid a chip sector sell-off and the company's strategy of avoiding massive spending on AI. The achievement underscores Apple's significant position within the financial landscape as it reaches this new valuation peak, marking a historic first for the tech giant's market cap.