Apple has its best week since July 2020 after White House visit

Core Insights - Apple announced a $100 billion investment in U.S. manufacturing over the next four years, which significantly boosted investor confidence and led to a 13% increase in its stock price, marking the largest weekly gain in over five years [1][2]. Group 1: Investment and Market Impact - Apple's shares rose 4% to close at $229.35, contributing to a total market cap increase of over $400 billion, bringing it to $3.4 trillion [2]. - The investment positions Apple as the third-most valuable company globally, following Nvidia and Microsoft, and ahead of Alphabet and Amazon [2]. Group 2: Tariff Implications - The announcement of increased U.S. manufacturing is expected to exempt Apple from future tariffs on imported chips, which could have doubled their prices [3]. - Apple had previously warned of over $1 billion in tariff costs for the current quarter, indicating potential profitability concerns [3]. Group 3: Analyst Perspectives - Analysts view Apple's strategic move as effective in managing uncertainties related to tariffs, with JP Morgan's Samik Chatterjee maintaining an overweight rating on Apple's stock [4]. - The positive sentiment follows a report of a 10% revenue increase and a 13% growth in iPhone sales for the June quarter [4].