Apple Stock Jumps 3.18% with $19.79 Billion in Third-Highest Trading Volume as Trump Exempts Tech Giants from Tariffs in Exchange for U.S. Manufacturing Pledges

On August 7, 2025, Apple (AAPL.O) surged 3.18% with a trading volume of $19.79 billion, ranking third in market activity. The move followed U.S. President Donald Trump’s announcement exempting major tech firms from 100% semiconductor tariffs, provided they commit to domestic manufacturing. Apple’s $100 billion U.S. investment pledge, including Kentucky-based production of iPhone and Apple Watch components, was cited as a key factor in the stock’s premarket gains. This exemption eased investor concerns over potential tariff-driven costs, with UBS analysts noting the removal of a "major uncertainty" for the sector.

Trump’s tariff framework targets chips and semiconductors but excludes companies actively expanding U.S. manufacturing. Apple’s partners, including Applied Materials and GlobalFoundries, saw gains between 0.8% and 10.1%, reflecting broader relief in the tech supply chain. European peers like ASML and Infineon also rose, though German chipmaker Infineon declined to comment on tariff specifics. Meanwhile, U.S.-listed chipmakers such as AMD and Intel advanced 2.5% and 2.1%, respectively, amid sector-wide optimism.

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