TECHNOLOGY (XLK)

Wedbush’s Daniel Ives said the current tariff slate of 54% for China and 32% for Taiwan would devastate Apple, its cost structure, and ultimately consumer demand.

SPX price is currently sitting below a confluence of two levels around 5130 and 5200. The next confluence levels lie from approximately 4500 to 4630 and 4800.

In this week's video, we'll review the latest charts and data to help us answer the question, are we on the cusp of another global financial crisis?

On Thursday, the technology sector witnessed a major drop, with the Nasdaq closing 6% lower. This marked the most severe single-day decline for tech stocks in over five years.

Wedbush’s Daniel Ives said it would take three years and $30 billion to move even 10% of the iPhone maker’s supply chain out of China.

HSBC analyst Frank Lee believes Nvidia’s pricing power is weakening, particularly with its new Blackwell B300 and GB300 hardware.

President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk appetite vanished in a flash.

Asian markets closed mostly lower on Thursday, led by Japan’s Nikkei 225 Index, which plunged 2.77% before settling at an eight-month low, while European stocks started sharply lower.

Trump's reciprocal tariffs, which are set to take effect on April 9, envisage new 34% tariffs on imports from China, on top of the 20% tariffs announced already.

While Canada and Mexico have been exempted from reciprocal tariffs for now, Chinese imports have been hit with a 34% levy.

Trump's new tariffs trigger selloff, framed as correction to trade imbalance. China faces 37% duties, EU 20%, Japan 24%. Tech stocks hit hard.

The H20 is the most advanced AI chip Nvidia can legally export to China under U.S. trade restrictions.

In a research note to investors, the Japanese investment bank said that Broadcom “should remain an AI winner” through 2025.

Ives said the uncertainty around tariffs could create caution about broader spending and greenlighting artificial intelligence (AI) projects across all industries.

Market breadth is starting to improve, but without the Magnificent Seven participating, bullish efforts won’t amount to much.

Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.

Truist described the keynote as "the most constructive message we've heard from Intel in ... for as long as we've covered the company."

Investors should prepare for a 2008-style crisis.Benzinga warns of potential economic crisis predicted by Peter Schiff in 2008. Tariffs, rising interest rates, misguided Fed policy may cause trouble.

The surge in Arm's data center presence is fueled by the rapid expansion of artificial intelligence, Mohamed Awad, the company’s infrastructure chief, told Reuters.

According to a report by Nikkie Asia, a merger between GlobalFoundries and UMC would create a larger, U.S.-based semiconductor firm with manufacturing capabilities spanning the U.S., Europe, and Asia.