Trump's "Liberation Day" is approaching, "Seven Giants" under short-term pressure! Wedbush warns of shadow over AI investment prospects

According to the Zhitong Finance APP, Wedbush stated that ahead of the "liberation day" when U.S. President Trump is expected to announce a new round of tariff policies, the market is concerned about the short-term performance of the "seven giants," particularly the uncertainty surrounding investment prospects in the artificial intelligence (AI) sector. In an investor report on Tuesday led by Daniel Ives, Wedbush analysts noted: "The tariff pressures faced by various industries will suppress economic demand and push up prices... In turn, this will prompt corporate executives to delay expenditures, including AI projects. Theoretically, Trump's tariff policy could alter the short-term growth trajectory of AI investments (with limited long-term impact), and the current stock market volatility reflects this concern." According to White House Press Secretary Caroline Levitt, Trump will officially announce this "nation-based" tariff in the Rose Garden on April 2. Jim Reid from Deutsche Bank stated: "It is currently unclear which countries and what tax rates the upcoming tariff details will specifically target." Ives added: "Although there are currently no signs of spending contraction in related fields... this policy suspense has triggered a risk-averse sentiment in the global market towards the U.S. tech sector, with many investors choosing to wait and see or shift to European and Asian stock markets until Trump's new policy rules are clarified. It is important to emphasize that anyone with a basic education in economics understands that the cost of tariffs will ultimately be borne by consumers... This will further suppress consumer confidence and spending, leading to a comprehensive slowdown in corporate capital expenditures, digital advertising investments, and more—this chain reaction is what the market is most worried about." China remains the most important variable in this policy equation. Ives stated that Asia, as the core of the semiconductor industry, holds a significant manufacturing position for China. Even relocating just 10% of the supply chain from Asia to the U.S. would require hundreds of billions of dollars and several years. If China takes strong countermeasures, it could impact Nvidia's (NVDA.US) hardware supply chain and prompt Chinese consumers to turn to domestic products, thereby affecting brands like Apple (AAPL.US) and Tesla (TSLA.US). Over the past two months, the stock prices of Apple, Nvidia, and Tesla have continued to diverge from the target prices set by Wedbush (which are $325, $175, and $550, respectively). As of Tuesday's close, the Roundhill Magnificent Seven ETF (MAGS.US) rose 1.81% after falling 14% year-to-date. In individual stocks, Tesla led with a 3.59% increase, Google (GOOGL.US) rose 1.57%, Nvidia, Meta (META.US), and Microsoft (MSFT.US) each recorded nearly 2% gains, Amazon (AMZN.US) rose 1%, and Apple increased slightly by 0.48%