Wall Street analysts and investors are growing more optimistic that Apple might secure an exemption from President Trump's U.S. import tariffs on China.
Analysts suggest that the likelihood of Apple getting an exemption has risen since the recent tariff hike, with odds of an Apple-specific exemption raised to 50%.
President Trump is unlikely to hurt an American icon like Apple, especially after the company's commitment to significant investments in U.S. manufacturing.
Investors believe that Apple will receive a tariff exemption based on previous instances and the potential negative impact on Apple's main competitor, Samsung.