Apple is the best week since July 2020 after visiting Tim Cook White House

apple The shares rose 13 % this week, which is the largest weekly gain in more than five years, after CEO Tim Cook appeared with President Donald Trump at the White House on Wednesday.

The shares of iPhone Maker increased by 4 % to $ 229.35 per share on Friday for the largest weekly gain for the company since July 2020. The week’s step added more than $ 400 billion to the maximum Apple market, which is now at $ 3.4 trillion.

Apple is the third most valuable company, behind it Nafidia and Microsoft Before alphabet and Amazon.

At the White House on Wednesday, Cook appeared with Trump to announce Apple Plan To spend $ 100 billion on American companies and American parts over the next four years.

Apple plans to buy more American chips Saeed TrumpWho said during the general meeting that since the company was building in the United States, it will be exempted from the future definitions that could Vulnerable price From imported chips.

Investors were concerned that some Trump tariff might hurt Apple’s profitability. Apple warned in July that it expects more than a billion dollars of customs tariff costs in the current quarter, assuming that there are no changes.

“Apple and Tim Cook delivered Masterclass to the uncertainty management after months and months of structures for the potential challenges that the company might face from the definitions,” said Samic Chattage, an analyst at JP Morgan, on Wednesday. It has a weight gain classification on Apple shares.

The successful White House meeting comes two weeks after reporting Apple The profits of the quarter of June Where the total revenue jumped by 10 % and IPHONE sales fell 13 %.

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