U.S. President Donald Trump and Apple CEO Tim Cook shake arms on the day they current Apple’s announcement of a $100 billion funding in U.S. manufacturing, within the Oval Office on the White House in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
Apple shares rose 13% this week, its largest weekly achieve in additional than 5 years, after CEO Tim Cook appeared with President Donald Trump within the White House on Wednesday.
Shares of the iPhone maker rose 4% to shut at $229.35 per share on Friday for the corporate’s largest weekly achieve since July 2020. The week’s transfer added over $400 billion to Apple’s market cap, which now sits at $3.4 trillion.
Apple is the third-most helpful firm, behind Nvidia and Microsoft and forward of Alphabet and Amazon.
At the White House on Wednesday, Cook appeared with Trump to announce Apple’s plans to spend $100 billion on American firms and American components over the following 4 years.
Apple’s plans to purchase extra American chips pleased Trump, who stated throughout the public assembly that as a result of the corporate was constructing within the U.S., it will be exempt from future tariffs that might double the price of imported chips.
Investors had apprehensive that a few of Trump’s tariffs may considerably damage Apple’s profitability. Apple warned in July that it anticipated over $1 billion in tariff prices within the present quarter, assuming no modifications.
“Apple and Tim Cook delivered a masterclass in managing uncertainty after months and months of overhang relative to the potential challenges the company could face from tariffs,” JP Morgan analyst Samik Chatterjee wrote on Wednesday. He has an chubby score on Apple’s inventory.
Cook’s profitable White House assembly additionally comes two weeks after Apple reported June quarter earnings during which total income jumped 10% and iPhone gross sales grew by 13%.
