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

President Donald Trump has imposed a 10% tariff on nearly all countries, with China retaliating by imposing a 34% tax on US goods. Wedbush warns of tariff impact on the US tech sector, potentially causing an “economic Armageddon” worse than past market crashes.

Bernstein notes China imports $10 billion worth of chips from the US, with Intel’s CPUs being hit hard. Tariffs could result in lower growth, revenues, and profits for companies. Uncertainty remains regarding potential retaliation from other countries, impacting exact numbers.

Microsoft (NASDAQ:MSFT) continues to provide AI-powered solutions despite macroeconomic challenges. Jefferies maintained a “Buy” rating on Microsoft, lowering its price target to $475 per share. MSFT ranks 2nd among AI stocks, with some AI stocks showing more promising returns.

Investment firms criticize tariffs, foreseeing negative consequences on the tech sector. China’s retaliatory actions and potential global impact raise concerns about the future of the US tech industry. Hedge fund data from Q4 2024 identifies popular AI stocks for potential investment opportunities.

Read more: Microsoft (MSFT) Remains a Safe AI Haven Despite Macroeconomic Downgrade