2 Artificial Intelligence (AI) Stocks That May Have a Hard Time Bouncing Back From President Trump's Trade War
No one knows where President Trump's trade war will go next.Despite the stock market's recovery from the April "Liberation Day" crash, there are a number of high-profile companies that remain vulnerable to President Donald Trump's tariffs and any ensuing impact on the economy. Walmart, for example, just told investors it would have to raise prices on some items as the cost pressure from tariffs began in late April and accelerated in May. Home Depot, on the other hand, said it wouldn't raise prices on its merchandise but that it would stop carrying certain items. The trade war has also affected a number of artificial intelligence (AI) stocks. Nvidia and Advanced Micro Devices, for example, had to take large writedowns because of new export restrictions on inventory that was intended for China.Continue reading
No one knows where President Trump's trade war will go next.
Despite the stock market's recovery from the April "Liberation Day" crash, there are a number of high-profile companies that remain vulnerable to President Donald Trump's tariffs and any ensuing impact on the economy. Walmart, for example, just told investors it would have to raise prices on some items as the cost pressure from tariffs began in late April and accelerated in May. Home Depot, on the other hand, said it wouldn't raise prices on its merchandise but that it would stop carrying certain items.
The trade war has also affected a number of artificial intelligence (AI) stocks. Nvidia and Advanced Micro Devices, for example, had to take large writedowns because of new export restrictions on inventory that was intended for China.
