U.S. President Donald Trump and Apple CEO Tim Cook invested $100 billion in the Oval Office of the White House in Washington, DC, on August 6, 2025.
Jonathan Ernst | Reuters
apple Shares rose 13% this week after CEO Tim Cook took office with the president at the White House on Wednesday, a weekly gain of more than five years.
iPhone Maker shares rose 4% to close at $229.35 per share on Friday, with the company having the largest weekly earnings since July 2020. The move that week added $400 billion in Apple’s market cap, which now has a market cap of $3.4 trillion.
Apple is the third most valuable company behind Nvidia and Microsoft Then letter and Amazon.
At the White House on Wednesday, Cook and Trump announced Apple’s plan Spend $100 billion in US companies and U.S. parts over the next four years.
Apple plans to buy more American chips Satisfied with TrumpHe said in a public meeting that it will be exempt from future tariffs as the company is being built in the United States Double the price Imported chips.
Investors are worried that some of Trump’s tariffs could seriously damage Apple’s profitability. Apple warned in July that it expects tariff charges to exceed $1 billion this quarter, assuming no change.
“Apple and Tim Cook offer a masterclass after management uncertainty after managing the potential challenges the company may face tariffs,” JP Morgan analyst Samik Chatterjee wrote on Wednesday, who has an overweight rating on Apple’s stock.
Cook reported in Apple that Cook’s successful White House meeting was also in two weeks June quarterly earnings Overall revenue grew 10% and iPhone sales rose 13%.
