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
THE SO WHAT
Public markets are now explicitly pricing Apple on its AI optionality, not its current AI footprint. If you build in Apple’s orbit, assume the bar for “AI-native on iOS” is about to rise sharply as they work to justify a $5T-plus story on execution, not just brand and install base.
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