BlockBeats News, July 29th. According to BIT (bit.com) market data, Apple's stock price reached a new all-time high of $342.89 during Tuesday's trading, briefly pushing its market capitalization above $5 trillion, making it the second company in history to reach this milestone. At the close, Apple was trading at $340.08, with a market capitalization slightly below $5 trillion, maintaining its position as the world's most valuable company.

So far this year, Apple's stock price has risen by about 25%, outperforming most large-cap tech stocks. Market analysis suggests that investors are reevaluating their AI investment thesis. Compared to Microsoft, Alphabet, Amazon, and others that are increasing their capital expenditure on AI infrastructure, Apple is gaining market favor due to its lower capex, end-user AI strategy, and service ecosystem advantage.

In addition, Apple has recently been granted approval to collaborate with Alibaba and Baidu to launch the Apple Intelligence feature in China, and has introduced the "Upgrade" hardware leasing program. The market is eagerly awaiting Apple's quarterly earnings report to be announced later this week, which will also be the last earnings call led by CEO Tim Cook.