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Apple breaks $5 trillion market cap for the first time…overvalued at P/E of 41

Fortune ·

NVDA NVIDIA Corp
$195.16 +2.71%
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  1. 1Apple (AAPL) surged roughly 3% intraday on July 28, becoming the first company ever to reach a $5 trillion market cap
  2. 2The stock doubled from $170 in Q1 2024 to $350, lifting the P/E to 41.2, outpacing earnings growth (25%)
  3. 3It is the most expensive of the Magnificent 7 excluding Tesla, and is seen as needing a major growth catalyst to climb further

This 3-line summary is compiled from the report below.

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