The Main Points
- Apple shares touched a new high near $343, pushing its market value briefly above $5 trillion for the first time ever.
- The milestone came a day after Apple overtook Nvidia to reclaim the title of the world's most valuable publicly traded company.
- Apple stock has climbed roughly 25% so far this year, outpacing most of its megacap technology peers.
- The rally arrives just ahead of Apple's quarterly earnings report, due later this week.
- Analysts point to strong iPhone demand and resilient services revenue as the key drivers behind the stock's run.