President-elect Trump, on the eve of his inauguration, revealed that he had a conversation with Apple CEO Tim Cook regarding a potential major investment by the tech giant in the United States. During his Make America Great Again Victory Rally in Washington DC, Trump shared, “I spoke with Tim Cook of Apple. He said they’re going to make a massive investment in the United States because of our big election win.” However, Apple did not provide an immediate response to FOX Business’ request for comment.
This collaboration between Trump and Cook is not entirely new, as Cook had previously served as a member of the American Workforce Policy Advisory Board during Trump’s first term in 2019. Following Trump’s electoral victory, he has successfully secured two significant investments in the US. The first being a $100 billion commitment from SoftBank to create 100,000 jobs, which Trump hailed as a monumental demonstration of confidence in America’s future and a boost to the growth of emerging technologies within the USA.
The second major investment came from DAMAC, pledging at least $20 billion to build data centers in the country. Trump expressed his excitement over this development, stating that the investment could potentially double in size. The initial phase of the data center project will be established in multiple states including Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
In the aftermath of the election, several CEOs, including Meta’s Mark Zuckerberg, Google’s Sundar Pichai, and Walmart’s Doug McMillion, have engaged in discussions with Trump at his Mar-a-Lago residence in Florida. Trump also highlighted the positive economic indicators post-election, such as the record-high small business confidence, and the significant gains in the stock market including the S&P 500, Dow Jones Industrial, and Nasdaq Composite.
Furthermore, Trump acknowledged the remarkable surge in Bitcoin’s value, surpassing $100,000 as of Sunday evening. On the other hand, Apple’s stock has seen a notable increase of over 20% in the past year, coming close to a valuation of $4 trillion before experiencing a slight pullback from that milestone. The overall sentiment remains optimistic about the future economic prospects under the new administration.
