Apple's stock (AAPL) saw a notable increase on Friday, outperforming other major companies and marking the end of a volatile week influenced by tariffs. The stock rose by 4% to reach $198.15, showing gains despite experiencing several days of losses and recording its best performance since 1998.

However, Apple has not fully recovered from the impact of President Trump's tariff announcement on April 2. Concerns about escalating trade tensions with China, where Apple produces approximately 90% of its products, have contributed to the stock's fluctuations.

The surge in Apple's stock on Friday was driven by growing optimism that the company might receive an exemption from the tariffs imposed by the Trump administration. Analysts like Jordan Klein from Mizuho believe that there is a high chance (90%) of Apple securing such an exemption, citing a similar situation in 2018. Angelo Zino from CFRA Research has also raised the probability of Apple obtaining an exemption from 20% to 50%.