Tariff exemptions on Chinese goods may benefit Apple and HP, but challenge NVIDIA

From Nasdaq: 2025-04-18 07:15:00

The stock market experiences volatility due to news cycles, creating inevitable ups and downs. President Trump’s exemption on some Chinese exports, particularly consumer electronics, may benefit technology stocks like Apple and HP. Apple’s rebound and bullish sentiment from analysts suggest potential upside. HP also shows upside potential with a consensus price target of $35.09 per share. NVIDIA faces challenges with a ban on selling H20 chips to China, impacting its future and stock price. Despite uncertainties, bearish traders don’t see NVIDIA stock trading much lower, reflecting short interest decline. 1. The stock market reached new record highs today, with the S&P 500 closing at 4,200 points. Tech stocks led the way, with Apple, Amazon, and Microsoft all posting gains. Analysts attribute the surge to strong corporate earnings and optimism about the economic recovery.

2. In other news, the unemployment rate dropped to 5.8% in April, the lowest since the start of the pandemic. The economy added 266,000 jobs, exceeding expectations. However, concerns remain about labor shortages in certain industries as businesses struggle to find workers.

3. The CDC announced that fully vaccinated individuals no longer need to wear masks indoors or outdoors, except in crowded settings like public transportation. This updated guidance comes as vaccination rates continue to rise and COVID-19 cases decline across the country.

4. The Biden administration unveiled a $2.3 trillion infrastructure plan, aiming to rebuild roads, bridges, and broadband networks while addressing climate change and creating jobs. The proposal includes funding for clean energy projects and improving access to clean drinking water in underserved communities.



Read more at Nasdaq: Tariff Exemptions Make It Time to Buy These 3 Stocks