Apple just did what only one other company in history has ever done.

The iPhone maker closed above a $5 trillion market cap on Wednesday, Oct. 14 — becoming only the second company ever to do it, after Nvidia ($5.3T).

Seventh Time’s the Charm

Shares rose 0.5% to a record $342.96, pushing the valuation to $5.005 trillion. Apple had crossed $5 trillion six times during intraday trading but had never closed above it — until now.

And it happened on a rough day for tech: the Nasdaq fell 1.9%, with Apple’s stock proving a safe haven. Shares are up 26% this year, nearly double the S&P 500’s 13% gain.

The Big Test: iPhone Duo

The real test comes Friday, Oct. 16, when preorders open for the iPhone Duo — Apple’s first foldable smartphone. Starting at $1,999, it’s the most expensive iPhone ever, with release set for Oct. 23.

End of an Era

The milestone also caps the Tim Cook era: Cook’s 15-year run as CEO ended Aug. 31, and new CEO John Ternus inherits the crown.

Read more: Barron’s and Wall Street Journal