Apple stock surged after CEO met President

3dnews.ru (Russian)

Apple's stock saw its best week since July 2020, surging 13% after CEO Tim Cook met with President Trump. The rally followed Apple's announcement of a $100 billion investment in U.S. manufacturing over four years, which President Trump reportedly approved. This news boosted Apple's market capitalization by over $400 billion. Investors had previously worried about potential tariffs impacting Apple's profitability, with the company warning of over $1 billion in increased quarterly costs due to existing tariffs.


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