Apple has its best week since July 2020 after White House visit
U.S. President Donald Trump and Apple CEO Tim Cook dinner shake arms at the past they provide Apple’s announcement of a $100 billion funding in U.S. production, within the Oval Workplace on the White Area in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
Apple stocks rose 13% this month, its greatest weekly achieve in additional than 5 years, later CEO Tim Cook dinner gave the impression with President Donald Trump within the White Area on Wednesday.
Stocks of the iPhone maker rose 4% to alike at $229.35 in line with percentage on Friday for the corporate’s greatest weekly achieve since July 2020. The month’s go added over $400 billion to Apple’s marketplace cap, which now sits at $3.4 trillion.
Apple is the third-most reliable corporate, in the back of Nvidia and Microsoft and forward of Alphabet and Amazon.
On the White Area on Wednesday, Cook dinner gave the impression with Trump to announce Apple’s plans to spend $100 billion on American corporations and American portions over the upcoming 4 years.
Apple’s plans to shop for extra American chips happy Trump, who mentioned all through the nation assembly that for the reason that corporate was once development within the U.S., it will be spared from presen price lists that might double the cost of imported chips.
Buyers had apprehensive that a few of Trump’s price lists may considerably harm Apple’s profitability. Apple warned in July that it anticipated over $1 billion in tariff prices within the flow quarter, assuming negative adjustments.
“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 obese score on Apple’s conserve.
Cook dinner’s a hit White Area assembly additionally comes two weeks later Apple reported June quarter income wherein general earnings jumped 10% and iPhone gross sales grew by way of 13%.
WATCH: Santoli’s Terminating Pledge: Apple is helping force S&P upper
