- Apple closed at a record on Wednesday, pushing its market capitalization to $5.005 trillion, per Dow Jones Market Data.
- Apple had surpassed $5 trillion six times previously in intraday trading but had never closed above that level before Wednesday.
- Apple is the second company to close above $5 trillion, after Nvidia.
- The milestone caps the Tim Cook era and puts an implicit challenge to new CEO John Ternus to raise Apple's AI game.