Apple topped a $5 trillion valuation for the first time on Tuesday, becoming the second company to ever do so. Reuters noted that the company's value stood at $5.036 trillion after reaching a session high of $342.89. The company has outperformed the broader market largely due to its decision to rent AI capacity rather than building its own. The company is expected to provide information about the impact of global chip shortages, which led the company to raise prices in June. Concretely, the company raised the prices of Macbook models Neo, Air and Pro 1T, and for the iPad Air and Pro models.