Apple Stock Soars as Tariff Turmoil Subsides: Road to $3 Trillion Market Cap

Apple's stock price experienced significant volatility during the week due to tariff changes but rebounded strongly on Friday. After closing at $190.42 on Thursday, the stock opened at $186.10 and reached a high of $199.54 during the day, ending at $198.15. This performance brought Apple's market capitalization to just under $3 trillion. The positive movement was influenced by China's decision not to further increase tariffs on U.S. goods, despite recent escalations in the trade war. White House press secretary Karoline Leavitt expressed optimism about a potential tariff deal between the U.S. and China, which could be beneficial for Apple given its extensive supply chain in China. Apple has also been preparing by stockpiling devices in the U.S. and exploring alternative supply chains in countries with lower tariffs.