The Nasdaq index is up more than 15% so far this year, but the US-China trade war adds risk to technology investments. Although companies have not been hit hard by tariffs just yet, we see many tech leaders assessing the current political situation and hoping for a satisfactory outcome.
Apple’s (AAPL) popular gadgets, such as the iPhone and Apple Watch, are believed to be exempt from the trade war for now, which we suspect is a relief to the technology supply chain as the vast majority of Apple’s devices are assembled in China.
Any tariffs slapped on Apple products could have negative ramifications for dozens of technology stocks under our coverage, as lower demand for iPhones could weigh on revenue from many component suppliers that count on the smartphone titan as a large customer.
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