For now, Apple stock currently lands a Zacks Rank #3 (Hold). To the delight of long-term investors, Apple does appear to be moving past tariff concerns surrounding its global supply chain with strategic investments in the U.S. and a very beneficial collaboration with Broadcom.

Trump wants manufacturing to come to the U.S., and is hoping to incentivize companies into making the move by raising tariffs on some of the country’s largest trading partners. Apple has since moved the building of iPhones that are set to be shipped to the U.S. to India from China in an effort to avoid the most hefty of Trump’s levies.

Shares in the iPhone maker have yet to recover from Trump’s tariff announcements earlier this year, but investors appear to like what they’re hearing this week.