00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple briefly reached a $5 trillion market capitalization on Tuesday before ending the
00:07session just below the milestone, one day after overtaking NVIDIA as the world's most valuable
00:12publicly traded company, according to CNBC. Shares have climbed 25% this year, outperforming
00:19the company's mega cap peers, and reached a Tuesday high of $342.89 before retreating.
00:26Apple kept capital spending low and relied on Google's cloud infrastructure and AI technology
00:32while rivals poured hundreds of billions of dollars into AI build-outs. Investor concerns
00:38that Apple was falling behind have eased as aggressive AI spending raises debt and negative
00:43cash flow without a clear path to strong returns. The shift comes ahead of the company's earnings
00:48report on Thursday. The call will be CEO Tim Cook's final earnings call before John Ternus
00:53succeeds him on September 1st. For all things money, visit Benzinga.com.
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