Squawk on the Street Tariffs and the AI Trade, Trump's China Tech Blacklist, Apple's Cook Praises DeepSeek 3/26/25
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Mar 26, 2025 The hosts dive into the impact of tariffs on the tech sector, especially NVIDIA, sparking discussions on investor strategies. President Trump's tech blacklist against China raises eyebrows, and Apple CEO Tim Cook's visit to China brings praises for DeepSeek’s AI models. The conversation shifts to upcoming IPOs like CoreWeave, highlighting the dynamics of the semiconductor market. Plus, there's a look at the intriguing intersection of gaming and crypto, with GameStop's potential pivot in focus. All this, while keeping a keen eye on market trends and humor afloat!
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Focus on Companies, Not Tariffs
- Focus on individual stocks rather than trying to predict President Trump's tariff decisions.
- Analyze company performance and industry trends, like Chewy's numbers or Dollar Tree's divestiture.
Trade War Bear Case
- Barclays strategists lowered their year-end target, citing potential trade war escalation.
- Their bear case scenario predicts a 4,400 S&P and GDP contraction if trade significantly worsens.
China Tech Blacklist
- The White House added 50+ Chinese companies to an export blacklist.
- This move aims to restrict China's access to crucial technologies like AI and chips.