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- 🚀 Apple rises 13% in its best week since July 2020
🚀 Apple rises 13% in its best week since July 2020
Liam Gill
August 09, 2025
Market Overview
Read time 1.4 minutes
Year To Date Performances:
| Dow Jones | 44,175.61 | 3.83% |
| S&P 500 | 6,389.45 | 8.63% |
| Nasdaq | 21,450.02 | 11.08% |
| Russell 2000 | 2,218.42 | -0.53% |
| TSX | 27,758.68 | 12.26% |
| Bitcoin | $117,123.60 | 21.15% |
| Ethereum | $4,193.15 | 25.18% |
| US to Canadian Dollar | $1.38 | -4.44% |
Apple shares surged 13% this week, their best since July 2020. Apple CEO Tim Cook joined President Trump at the White House to announce a $600 billion, four-year commitment to U.S. investments, a move widely interpreted as a strategic effort to satisfy Trump’s demands for more domestic manufacturing without agreeing to his long-standing push for an entirely “Made in America” iPhone.
Cook’s remarks highlighted Apple’s significant existing relationships with U.S. suppliers — such as Corning in Kentucky for iPhone and Apple Watch glass, Coherent in Texas for facial recognition components, and Texas Instruments for key chips — but he confirmed that final assembly of iPhones will remain overseas “for a while” due to entrenched global cost structures. The new “American Manufacturing Program” is framed as an initiative to bolster U.S. production capacity by committing to purchase parts domestically, supporting suppliers’ growth, and investing in semiconductor production, advanced materials, and AI-focused data centers in several states. Many of these commitments, however, build on partnerships Apple has cultivated for years. Analysts believe the announcement is more symbolic than a genuine manufacturing shift, helping shield Apple from potential tariffs — including a proposed doubling of chip prices that Apple will be exempt from — and giving Trump a political win without disrupting Apple’s supply chain.
While the pledge sent Apple’s stock up 8% over two days and boosted partner share prices, some experts warn that the $600 billion figure likely includes ongoing expenses that Apple would incur anyway, meaning the plan is unlikely to materially impact profitability or drive large-scale iPhone assembly in the U.S. anytime soon.
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