Apple (AAPL) is heading to the White House. Apple stock is jumping 5% as they will announce at the White House they will be spending $100 billion in the US to bring manufacturing back to the homeland. With this new investment, Apple has now pledged to invest $600 billion in the US since February.

A couple chip and chip equipment stocks are lower. AMD (AMD) is down 7% while Super Micro (SMCI) is down 21% on earnings. AMD is lower even as earnings were in line. Guidance, however, was not great for data center demand. China may be an issue for AMD. Super Micro, on the other hand, missed estimates and lowered guidance as they could not scale up to meet demand. Profit margins came under pressure as well.

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