This Artificial Intelligence (AI) Chip Stock Is Making a Big Move, and It Has the Potential to Soar Higher
Apple supplier Cirrus Logic (NASDAQ: CRUS) has witnessed a big jump in its stock price in the past month, jumping 23% as of this writing after it emerged that its largest customer is getting a reprieve from the tariff turmoil.Cirrus Logic supplies audio codecs, power amplifiers, camera controllers, haptics modules, and other types of chips that are used in smartphones and personal computers (PCs). Apple is its largest customer, accounting for 89% of the top line in the recently concluded fiscal 2025, which means that Cirrus' fortunes are closely tied to the iPhone maker.So, the Trump administration's decision to exempt imports of smartphones, computers, and chips from tariffs came as a welcome relief for Cirrus Logic investors. Tariffs could have dented Apple's sales since a large chunk of iPhones are produced in China, and the tech giant would have been forced to increase prices substantially to absorb the tariff impact.Continue reading
Apple supplier Cirrus Logic (NASDAQ: CRUS) has witnessed a big jump in its stock price in the past month, jumping 23% as of this writing after it emerged that its largest customer is getting a reprieve from the tariff turmoil.
Cirrus Logic supplies audio codecs, power amplifiers, camera controllers, haptics modules, and other types of chips that are used in smartphones and personal computers (PCs). Apple is its largest customer, accounting for 89% of the top line in the recently concluded fiscal 2025, which means that Cirrus' fortunes are closely tied to the iPhone maker.
So, the Trump administration's decision to exempt imports of smartphones, computers, and chips from tariffs came as a welcome relief for Cirrus Logic investors. Tariffs could have dented Apple's sales since a large chunk of iPhones are produced in China, and the tech giant would have been forced to increase prices substantially to absorb the tariff impact.
