Tim Cook said Chinese stimulus programs including the value-added tax reduction helped revive Apple's slowing business in China.
U.S. companies with a major China footprint including Skyworks Solutions, Broadcom, Micron Technology and Intel could also see a pop in their stocks if their performance in China improves. "The one that got the most visibility that happened in early April was the [value-added tax] reduction from 16% to 13%, so it was a very aggressive move. But there are other stimulus programs as well that likely have an effect at the consumer level," Cook said.
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