From Yahoo Finance: 2025-04-09 14:41:00

President Trump’s new tariffs under the International Emergency Economic Powers Act impose a 10% tariff on most countries, with rates set to increase. China retaliates with a 34% tax on all US goods. Wedbush warns of an “economic Armageddon” for the tech sector due to tariffs, potentially erasing a decade of progress.

Bernstein highlights China’s import of $10 billion worth of chips from the US annually, with Intel’s CPUs accounting for $8 billion. The tariffs will impact companies like Micron, despite having production facilities in China. Continued tariffs could lead to lower growth, revenues, and profits for firms.

Amazon’s price target was trimmed by TD Cowen analyst John Blackledge to $240 from $265, citing macro concerns and weak consumer sentiment. However, he maintains a “Buy” rating, expecting strong Q1 2025 results driven by AWS growth. AMZN ranks 1st on the AI stocks list, but other AI stocks may offer higher returns.

Read more: Amazon.com (AMZN) Price Target Trimmed but AWS Growth Keeps Analysts Bullish