:max_bytes(150000):strip_icc()/GettyImages-2208539558-1ab252dc81d54eac86d823b569c49f9d.jpg?w=1920&resize=1920,1267&ssl=1 "Apple, Dell, and Other Tech Stocks Climb on Tariff Exemptions")
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key takeaways
- President Donald Trump received the tech shares on Monday after giving exemption to smartphones, computers and other consumer electronics from tariffs.
- JP Morgan analysts stated that the discount would be “a major relief” for the apple, which makes most of its equipment in China.
- Along with the shares of Apple, laptop manufacturer Dale increased to temporary reprief in tariffs.
Apple (AAPL), Dell Technologies (Dell), and other technical stocks received on Monday, President Donald Trump set a stagnation on import tariffs on several electronic goods.
According to the updated guidance of the US Customs and Border Protection Friday, smartphones, computers and semiconductors are exempted from Trump’s “mutual” tariff, although on Sunday, Commerce Secretary Howard Lutnik suggested that the carving-out would be temporary.
JP Morgan analysts stated that the discount would be “a major relief” for the apple, which makes most of its equipment in China. He said that he hopes that Apple “, including focusing initial attention on the assembly footprint, speed up its diversification schemes.” India now makes about 15% of the iPhone production, with Vietnam “an important manufacturing center for airpods and watch, while still ramping on iPads and MACS,” he said.
Apple’s shares added about 2% on Monday, increasing the profit of Friday. However, he has lost about fifth of his value so far this year.
Laptop maker Dell, which makes most of its products outside the US, saw a 4% increase in its shares. JP Morgan analysts said in a separate note on Retailer Best By (BBY), that they believe that consumers believe that stagnation in electronics tariffs is “a clear indication of the importance of products for American consumer and weight of large American companies such as Dell, Apple and others.
Shares of several semiconductor firms, including advanced micro devices (AMDs), Western Digital (WDC), and NXP Semiconductor (NXPI), were also received. (Reading Investopedia Live coverage of today’s market action.)
Update -April 14, 2025: This article has been updated as it was first published to reflect more recent share values.
