U.S. President Donald Trump and Apple CEO Tim Cook shake hands on the day they present Apple’s announcement of a $100 billion investment 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 gain in greater than five 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 gain since July 2020. The week’s move added over $400 billion to Apple’s market cap, which now sits at $3.4 trillion.
Apple is the third-most precious company, behind Nvidia and Microsoft and ahead of Alphabet and Amazon.
On the White House on Wednesday, Cook appeared with Trump to announce Apple’s plans to spend $100 billion on American firms and American parts over the following 4 years.
Apple’s plans to purchase more American chips pleased Trump, who said through the public meeting that because the corporate was constructing within the U.S., it will be exempt from future tariffs that might double the worth of imported chips.
Investors had fearful that a few of Trump’s tariffs could substantially hurt Apple’s profitability. Apple warned in July that it expected over $1 billion in tariff costs in the present quarter, assuming no changes.
“Apple and Tim Cook delivered a masterclass in managing uncertainty after months and months of overhang relative to the potential challenges the corporate could face from tariffs,” JP Morgan analyst Samik Chatterjee wrote on Wednesday. He has an chubby rating on Apple’s stock.
Cook’s successful White House meeting also comes two weeks after Apple reported June quarter earnings during which overall revenue jumped 10% and iPhone sales grew by 13%.
WATCH: Santoli’s Last Word: Apple helps drive S&P higher
