Apple joins Nvidia in $5T club with record close

What happened: Apple (AAPL) crossed the $5T market value milestone on Wednesday, becoming the second company to do so, as Tim Cook's tenure culminates and John Ternus prepares to take over as CEO. Key numbers: $5T market value milestone; second company to reach it. Why it matters: The record close sets a high bar for incoming CEO John Ternus and places Apple alongside Nvidia in the $5T club.

Apple (AAPL) crossed the $5T market value milestone on Wednesday, becoming the second company to do so, as Tim Cook's tenure culminates and John Ternus prepares to take over as CEO.

The record close sets a high bar for incoming CEO John Ternus and places Apple alongside Nvidia in the $5T club.