Apple's (NASDAQ:AAPL) announcement that it will invest more than $500B in the U.S. over the next four years may have drawn enthusiasm from President Trump, but there was a mixed reaction from Wall Street.

Apple says it plans to create 20,000 jobs, build a manufacturing hub in Texas, and accelerate investments in AI and other technology.

The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.

The U.S. expansion plan is in line with the company’s spending pattern and its efforts to diversify manufacturing away from China.

Good morning. Apple is investing $500 billion in the US. Tesla prepares to launch driver-assistance capabilities in China. And the next few months promise a slew of exciting new entertainment offerings.