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 Wednesday, Cook, along with Trump, announced that Apple plans to spend $100 billion on U.S. companies and U.S. parts over the next four years.
Apple's plan to buy more American chips has made Trump happy. Trump said in a public meeting that due to the company being built in the United States, it will be exempt from future tariffs, which could double the price of 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's successful White House meeting was also two weeks after Apple reported revenue in June, with overall revenue rising 10% and iPhone sales up 13%.
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