Apple hits record $348.25 and closes in on Nvidia as Nasdaq falls 3%

FinanceInternationalMerca2.esOct 23, 2026, 5:46 PM30 s readAI summary

Apple reached an all-time high of $348.25 per share, with a market capitalization around $5 trillion, narrowing the gap with Nvidia as the world's two most valuable companies. The move coincided with a 3% drop in the Nasdaq and a broad selloff in AI-linked chips, on a day when money sought refuge in stocks with solid cash and predictable cash flows.

In 30 seconds

Apple closed at a record $348.25 per share and its market capitalization sits around $5 trillion.
The Nasdaq fell 3% on the same day, marked by a broad selloff in AI-linked semiconductor stocks.
Melius Research described the move as 'the rally nobody wanted', according to the report.

Read the full story at Merca2.es

IASummary generated by artificial intelligence from a story by Merca2.es. It may contain errors: the original source prevails.

Apple
Nvidia
Nasdaq
semiconductores
inteligencia artificial

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Apple hits record $348.25 and closes in on Nvidia as Nasdaq falls 3%

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day