Apple Nears $5 Trillion As July 30 Earnings Loom

Apple stock (AAPL) is about 4% from a $5 trillion valuation after a rapid rally, with the next earnings report set to test whether fundamentals can support the move. According to BeInCrypto, Apple shares are 9.8% above their June 22 close, with a market value near $4.8 trillion and a roughly $340 share price needed to reach $5 trillion. Apple will report fiscal third-quarter results after the market closes on July 30, with Wall Street expecting EPS of about $1.89 and revenue of $107.2 billion to $110.0 billion.