Apple stock gained 3.2% Thursday, a second day of solid gains, after President Trump said late Wednesday the iPhone maker and other tech companies could avoid 100% chip tariffs by [investing in U.S. m

Investors were focused on President Trump's tariff policy on Thursday as the president unveiled plans for new chips tariffs that included exemptions for companies building in the U.S., or that have committed to build.

Apple confirmed an additional $100 billion commitment to the U.S. as investors awaited a meeting at the Oval Office between President Donald Trump and CEO Tim Cook. Apple said in a news release on Wednesday that it’s significantly accelerating its investment in the U.