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Story summary
- Apple Inc. briefly hit a $5.04 trillion market cap on July 28, 2026, as shares rose to $342.89.
- The surge stemmed from strong product demand and limited AI spending, while Google spent $205 billion on AI and had negative free cash flow.
- Apple’s stock climbed 25% while Nvidia fell 5% to a $4.77 trillion valuation on July 27, 2026.
- Apple’s leasing program, priced from $17.99 for an iPhone to $24.99 for a Mac, serves over 2.5 billion devices.
