Stocks
September 25, 2026
Oracle Stock Falls 3.4% on Power Delay Fears as Japan Unit Jumps 7%
- Apple stock touched $345.34 and briefly exceeded a $5 trillion valuation as the Nasdaq reached an intraday record
- The M6 Mac mini went on sale from $899, alongside new Mac Studio models designed for demanding AI workloads
- Tesla stock fell roughly 16.6% year to date, compared with Apple’s 25% gain, highlighting uneven returns within the Mag 7
Apple stock crossed $345 during Tuesday’s trading, briefly taking the company’s valuation above $5 trillion as the Nasdaq reached another intraday record. The gains came on the day Apple’s latest desktop computers reached stores, with the company making a more direct pitch to businesses using AI. Yet the rally looked different across the biggest technology names. Tesla remained behind for the year, while Apple was asking customers to reconsider where their AI workloads should run.
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Apple Stock Hits $345 as Nasdaq Reaches Record Territory
Apple reached $345.34 on September 22 before retreating to close at $339.75, a gain of approximately 0.23%. Its brief move above a $5 trillion valuation put it alongside Nvidia among US-listed companies to reach that threshold, according to reports.
Technology shares also helped lift the Nasdaq Composite to an intraday record. Reports revealed that Apple and Meta contributed to the advance as investors weighed corporate AI developments and hopes for easing Middle East tensions.
Apple’s pullback from the session high left a modest closing gain. The product release coincided with the advance, but there is no basis to attribute the stock’s move entirely to the new Macs.
Mac Mini and Mac Studio Bring Apple’s AI Push to Desktops
The M6 Mac mini starts at $899. Mac Studio models begin at $2,499 with M5 Max and $5,499 with M5 Ultra, according to Apple’s availability announcement. Both desktops went on sale Tuesday after being announced in August.
Apple is pitching them to customers who want to run AI models on their own hardware. The M5 Ultra supports up to 512GB of unified memory and 1.2TB/s of memory bandwidth, although the 512GB configuration arrives in late October.
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The company describes the appeal as running models “without counting tokens or worrying about rising cloud costs.” Reports noted that Apple demonstrated a trillion-parameter model across four Mac Studios using one wall outlet. Whether that approach saves businesses money depends on their workloads and hardware spending.
Tesla Stock Trails Apple as Mag 7 Returns Diverge
It should be noted that Apple is up about 25% year-to-date, compared with a roughly 16.6% decline for Tesla stock. The gap between the two Mag 7 members was approximately 42 percentage points.
Tesla’s latest earnings illustrate the challenge. Its second-quarter report showed adjusted net income falling to $1.15 billion from $1.39 billion a year earlier, despite revenue increasing to $28.24 billion.
Apple now has new hardware to sell into growing AI demand. Tesla’s figures show how rising sales can still leave investors waiting for stronger profits.
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