Apple shares soars 13% in best week since 2020 following White House visit

Apple had its strongest week in over five years with shares rising to 13% after CEO Tim Cook met with U.S. President Donald Trump at the White House to unveil the company’s future investment plans in the U.S.

The rally added more than $400 billion to the market capitalization of Apple which is now valued at $3.4 trillion.

On August 08, 2025, the iPhone maker’s stock rose 4%, closing at $229.35 per share.

This marks the highest weekly gain since July 2020.

With this jump, Apple solidifies its global dominance as the third-most valuable company of the World, trailing only Nvidia and Microsoft.

However, this move has propelled the company ahead of rivals Alphabet and Amazon.

Apple CEO Tim Cook appeared at the White House on August 6, 2025 where the company announced it would invest $600 million in the U.S. and plans to buy more American chips.

Following this announcement, Trump stated that Apple would be exempt from future tariffs that would double the price of imported chips.

It forecasts Apple’s increasing profitability compared to its market competitors.

While referring to the proposed levies that will double the cost of foreign-made chips, Trump said during the meeting: “Because Apple is building in the U.S., we won’t be imposing those tariffs.”

Earlier in July, the company faced over $1 billion in potential tariff costs this quarter. However, this announcement has alleviated all fears that weighed on Apple’s stock.

The stock analyst at JP Morgan, Samik Chatterjee stated that this White House meeting is a “masterclass in managing uncertainty.”

According to him, this move is highly significant in upgrading Apple’s stock to an overweight. He stated: “Months of tariff overhang had created challenges, but Cook’s proactive engagement has significantly de-risked the situation.”