The Nasdaq Composite (NASDAQINDEX: ^IXIC) has experienced a downturn of as much as 24% from its all-time high reached in April, officially placing it in a bear market. This decline was primarily driven by President Donald Trump’s “Liberation Day” tariffs, raising concerns about a potential economic slowdown.

However, trade negotiations between the U.S. and several countries are currently underway, leading to a gradual revival of market optimism. The Nasdaq Composite has managed to reduce its losses to 11%. Should this positive trend continue, a new bull market could emerge if the index establishes a record high. Historically, the Nasdaq has always bounced back given sufficient time.

Investing Amid Uncertainty

Given the prevailing market uncertainty, investors may want to focus on stocks with limited vulnerability to tariffs and global trade tensions. Below are three investment options worth considering.

1. Meta Platforms

Meta Platforms (NASDAQ: META) is the parent company of popular social networks such as Facebook, Instagram, WhatsApp, Messenger, and Threads. Its primary revenue stream comes from digital advertising, which is not affected by tariffs. However, a downturn in the economy due to trade disputes could press businesses to cut their marketing budgets, presenting some risk to the company.

Nonetheless, Meta is leveraging emerging technologies like artificial intelligence (AI) to drive growth. In a recent conference call for the first quarter of 2025, CEO Mark Zuckerberg highlighted that an AI-powered content recommendation algorithm led to a 7% increase in user engagement on Facebook and a 6% increase on Instagram over the last six months. Increased user engagement translates to more ad visibility and revenue for Meta.

Moreover, Meta is also innovating with AI to create new products. The launch of the Meta AI virtual assistant last year has garnered nearly 1 billion monthly users across its platforms. The assistant addresses a wide array of queries and even generates images, showcasing the sophistication of Meta’s Llama family of open-source large language models.

Confident in AI’s potential to drive its long-term growth, Meta plans to invest up to $72 billion in data center infrastructure in 2025, a revised figure up from $65 billion. This suggests a positive outlook from Zuckerberg and his team despite ongoing trade issues. Meta achieved record revenue and profits last year and is well-positioned to continue this trajectory in 2025, making it one of the most attractively valued large-cap tech stocks available.

2. Spotify

Spotify (NYSE: SPOT) stands as the leading music streaming platform globally. By the end of the first quarter of 2025, Spotify had 423 million free users monetized through ads and 268 million Premium subscribers who pay for an ad-free experience. Neither revenue stream is currently subject to tariffs, and with operations in 180 countries, Spotify is less prone to the impact of any single nation’s trade policies.

To differentiate itself, Spotify invests heavily in technology. It has rolled out AI-powered features like AI Playlist, which curates songs based on user prompts. This feature is only available to Premium subscribers, providing an incentive for free users to upgrade.

Additionally, Spotify explores other content formats including podcasts and audiobooks. A newly introduced monetization model aims to encourage creators to produce more video podcasts, capitalizing on a 44% increase in user engagement with such content year-over-year.

Although Spotify shares are currently valued high, analysts predict a 64% increase in earnings per share this year, making the valuation appear more favorable on a forward-looking basis. Long-term investors should note CEO Daniel Ek’s ambition to expand annual revenue fivefold to $100 billion by 2032, which could yield significant returns.

3. Netflix

While Spotify leads in music, Netflix (NASDAQ: NFLX) dominates the streaming space for movies and TV shows. Operating in more than 190 countries, Netflix boasts a diversified revenue model beneficial amid global trade tensions.

Netflix’s services are subscription-based, meaning all members contribute financially. Although the company ceased reporting subscriber counts, it had approximately 301.6 million members by the end of 2024, significantly ahead of Amazon Prime’s 200 million and Disney+’s 124.6 million.

The introduction of an advertising tier has proven lucrative, priced competitively at $7.99 per month compared to the ad-free Standard and Premium tiers. This tier has the potential for growth as companies increase advertising spend on the platform. Netflix reported ad revenue doubled in 2024 and forecasts another doubling this year.

Positioning itself in a $650 billion addressable market comprising streaming, advertising, and gaming, Netflix had captured only 6% of this market based on its total revenue at the end of 2024.