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Apple Shares See Significant Surge Amid Market Rebound

On Friday, Apple Inc. (AAPL) experienced a notable increase in its stock prices, positioning itself as a leader among the so-called Magnificent Seven technology companies. This rise was part of a broader recovery in the market following a tumultuous week marked by volatility driven by tariff concerns.

Apple’s shares climbed 4% to close at $198.15, showcasing a successful turnaround after a week that included three days of losses. This marked the stock’s most significant single-day gain since 1998.

Despite this recent surge, Apple has not fully recouped losses incurred following President Trump’s tariff announcement on April 2, which sparked concerns over escalating trade tensions with China. The country accounts for approximately 90% of Apple’s manufacturing operations.

The uptick in Apple’s stock on Friday was buoyed by rising hopes that the company might secure an exemption from the tariffs imposed by the Trump administration. Recent sentiments expressed by analysts are reflecting a growing belief in this possibility.

Mizuho analyst Jordan Klein conveyed to clients that “90% of investors seem to believe Apple will get a tariff exemption,” recalling an earlier exemption granted to the company in 2018 during Trump’s first term.

Furthermore, CFRA Research analyst Angelo Zino has raised his estimate regarding the likelihood of an Apple-specific exemption from 20% to a more optimistic 50%, highlighting the shifting perceptions in the investment community.

Source
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