Mr. . President, thank you very much for having me here today. You've been a great advocate for American innovation and manufacturing, and I'm grateful for your leadership and your commitment.That's a commitment we share at Apple because American innovation is central to everything we do. Our products are designed here. We are hiring and growing here, and we support 450,000 jobs with thousands of suppliers and partners in all 50 states.Earlier this year, we made our largest ever spending commitment $500 bil ...

This afternoon, we're pleased to welcome to the White House one of the great and most esteemed business leaders and geniuses and innovators anywhere in the world, Apple CEO Tim Cook. Amazing job. Thanks as well to Secretary of the Treasury Scott Bessant and Secretary of Commerce Howard Lutnik for being here wherever you may be.Oh, there you are. Hello, fellas. I missed you.Today, Apple is announcing that it will invest $600 billion dollar, that's with a B, in the United States over the next four years. That ...

It's a big number in isolation, sort of, but it's also got to be taken in aggregate. Absolutely. Look, Apple spends a lot on these types of initiatives all the time.They have already been planning to spend hundreds of billions of dollars in the coming years. The Trump administration likes big, round, big honking numbers. Right.And this is a way for them to say we've scored a victory. We are bringing manufacturing back to the United States on Apple's part, making these pledges, throwing these numbers out the ...

The mechanism actually doesn't even really matter. It's an inside a share sale that sets this valuation of $500 billion. But it feels like just yesterday that we broke the story on the last $300 billion valuation.Tell us about the jump. Tell us about what we're hearing from sources is going on. Yeah.I mean, it's a significant jump in valuation. More than two thirds of the last price tag, you know, the last round that we reported on, it finalized in March led by SoftBank. Since then, we've seen strong, you k ...

Help me. There was a good response. Like you beat expectations.There's particular focus for you guys in the mobile gaming market. The stock is sort of reversed. Direction is down 8%.Matt. Your read on that, please. Yeah, I you know, we're not stock investors or business builders, so, you know, my answer to that is a little bit of who knows.What we're really focused on is building a growing, enduring business. And I think that when we look back on this second quarter 2025, the history is going to show that i ...

This is such a self-inflicted wound and the market doesn't seem to be, well, forgiving them for it. Yeah, absolutely. I mean, it really was a dismal quarter for SNAP.And even before I reported its earnings, I was saying that it wasn't looking great for the company and that had less to do with the economic uncertainty and tariffs, which of course, it had warned about at the end of Q1, and more to do with foundational structural issues within its ad platform and its ability to monetize. Now, I obviously could ...

They were ever so slightly amiss in terms of general revenue growth of just 2%. But it really seems to be the old school part of the business that let them down. Yeah, the traditional part of the business in terms of, you know, the movie studio, the cable and broadcast channels are all, you know, continuing to show decline.And that, you know, has been offset somewhat by the growth in streaming and then parks, which have been very strong. Felix. Streaming is many parts, but listening to Bob Iger on the call ...

It was such an interesting quarter to look back at data in particular CPU strength, not just accelerators. Strong outlook on accelerators. Gaming PC.And then some concern about the future of the China business. But Caroline and I sort of talks for quite a while now about AMD as the best performing chip stock so far this year. I want to if we start by just asking what in the quarter changed for AMD.What the kind of biggest move forward was, do you think. Yeah, absolutely. So, first of all, Ed and Caroline, g ...

We look at something like Palantir, a 500% in 12 months, the most expensive stock on the S&P 500 when you're looking at where it prices versus future sales. Does it seem vindicated to you, these sorts of valuations. There's absolutely some enthusiasm at play here.And I think there's some and I think in this earnings season, we have heard from a variety of companies, not just these mega-cap tech companies, that they're seeing early signs of success with AI. AI's helping them run more efficiently. It's writin ...

This space is dynamic, right. Because it's highly analogous with matter. You know, a lot of the story around matter is how their work in AI improves, ad pricing ad impacts that core business you are looking at.It's a very different scale and early stage. I just love to get a presentation of the thesis and why this is an interesting domain within I. Yeah.Thank you, Ed and Caroline as well for having me on. So we are excited to announce the coming out of Stealth of Context this morning. Their $10 million seed ...