US President Donald Trump and Apple CEO Tim Cook shook hands on August 6, 2025 on the day Apple announced its $100 billion investment in the US manufacturing industry in its oval office in the White House in Washington, DC.
Jonathan Ernst | Reuters
apple Shares rose 13% this week after CEO Tim Cook appeared in the White House on Wednesday with President Donald Trump.
The iPhone maker’s shares rose 4%, closing at $229.35 per share on Friday for the company’s biggest weekly profit since July 2020. This week’s move added over $400 billion to Apple’s market capitalization.
Apple is the third most valuable company behind it nvidia and Microsoft And first alphabet and Amazon.
At the White House on Wednesday, Cook appeared with Trump and announced Apple’s plans to spend $100 billion on American companies and the US portion over the next four years.
Apple’s plan to buy more American chips has pleased Trump. He said at the public meeting that the company is building in the US and would be exempt from future tariffs that could double the price of imported chips.
Investors were worried that some of Trump’s tariffs could seriously undermine Apple’s profitability. Apple warned in July that it expects tariff costs of more than $1 billion this quarter, assuming there is no change.
“Apple and Tim Cook provided a masterclass that manages uncertainty after months and months of overhangs compared to the challenges the company may face from tariffs.” He has an overweight rating on Apple’s stock.
The success of Cook’s White House meeting comes two weeks after Apple reported revenue for the June quarter, with an overall revenue increase of 10% and an iPhone sales increase of 13%.
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