Trump Tariffs Impact Tech Sector
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Dan Ives news.
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Technology
Trump tariffs are 'an Armageddon scenario' for U.S. tech, analyst says
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Wedbush Securities analyst Dan Ives calls the tariffs an “ Armageddon scenario” for the U.S. tech sector.
He says the tariffs will significantly affect the tech sector because the “hearts and lungs of the supply chain are cemented in Asia ’s Asia .
He recommends owning stocks in Apple (AAPL) and Nvidia ( NVDA ) because “despite this massive, near-term uncertainty, it does not change their installed base, technology leadership, and long-term growth opportunities, especially with Nvidia leading the AI industry”.