Wedbush: Trump's tariffs are "worse than the worst-case scenario," and tech stocks will face significant pressure

On April 3rd, Jinshi Data reported that Dan Ives, the head of global technology research at Wedbush, believes that the large-scale tariff measures introduced by Trump on Wednesday will have a worse impact on the market than expected. "We characterize this series of tariffs as 'worse than the worst-case scenario the market is worried about,'" he added. Due to the impact of the tariffs, technology stocks will face "significant" pressure, and investors are anxious about demand destruction and supply chain issues. For NVIDIA (NVDA.O) and other chip companies with significant supply chain relationships, the concerns will be about pricing and profit margins, as well as what this means for future global supply chains. Apple (AAPL.O) is also worth paying attention to, as most of the company's iPhone production is done overseas