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New tariffs set to begin in August are bringing uncertainty to the tech industry, particularly impacting companies like NVIDIA and Apple. Gene Munster from Deepwater Asset Management highlighted concerns for the December quarter, while NVIDIA is still navigating a ban on chip sales to China and Apple may face a 25% tariff if manufacturing is not shifted to the U.S.
Market Reactions and Tech Growth
NVIDIA reached a $4 trillion market cap on July 9, contributing to a rally among major tech stocks, including Microsoft, Apple, Alphabet, Meta Platforms, and Amazon, spurred by AI advancements and easing tariff tensions. Despite initial pressures, the tech sector’s Q2 earnings estimates have stabilized, indicating continued growth amid economic challenges.
Cybersecurity and ETFs
The global cybersecurity market is projected to grow at a compound annual growth rate of 12.9% between 2025 and 2030, reflecting increasing investments due to rising cyberattacks. Investors may consider technology-based exchange-traded funds (ETFs), including the Select Sector SPDR Technology ETF (XLK) and Vanguard Information Technology ETF (VGT), to capitalize on market fluctuations.
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