The iPhone maker briefly crossed a staggering $5 trillion market capitalization this week, becoming the second only publicly traded company after Nvidia Corporation (NVDA) to reach that milestone. Apple crossed the $3 trillion mark in early 2022, topped $4 trillion in late 2025, and has now reached $5 trillion in less than a year. But after such a massive rally and a record valuation, is there still room for Apple shares to move higher? Apple Stock Has Outperformed Big Tech This YearApple stock has quietly pulled ahead of most of its mega-cap peers in 2026. However, any disappointment in iPhone demand, Services growth, or forward guidance could pressure the stock after its recent run.