From Yahoo Finance: 2025-04-13 13:58:00

Apple Inc. (AAPL) faces a 28% hit on earnings per share amid tariff fears, despite rolling out AI features. The US-China trade war has impacted iPhone sales, with Trump imposing tariffs. Apple’s full-year EPS could drop to $5.27 from $7.32 if exemptions aren’t granted, according to Needham. Apple ranks 9th on the list of best AI stocks to buy according to billionaires, but some AI stocks may offer higher returns in a shorter time frame.

The US economy’s optimism, driven by AI, has been dampened by Trump’s tariffs on imports, hitting global stocks. The latest tariff hike has wiped trillions from major indexes, causing supply chain disruptions and inflation concerns. Hedge funds scaled back risky bets before the tariff announcement, indicating a cautious stance amid market uncertainties.

Billionaires, who previously championed AI as a transformative technology, are now cautious due to tariff impacts. AI was seen as adding trillions to the economy, attracting investments. These investors strategically influence technology development. Consult our list of AI stocks popular among hedge funds for potential market outperformance.

These developments reflect a shift from bullish AI sentiment to caution among billionaires. AI was touted as transformative, but tariffs have sparked concerns. Investors anticipate volatility and maintain a risk-off stance. Explore our curated list of AI stocks to stay informed on market trends and potential investment opportunities.

Read more: Apple (AAPL) Faces 28% EPS Hit Amid Tariff Fears Despite AI Rollout