00:00 Speaker a
A big boost from the Trump administration’s temporary tariff probation on tech products, this morning, the presence of large tech stocks was somewhat different under pressure. On Monday, Apple brought Apple back its market cap of $3 trillion. Join us now with more Dan Ives, Head of Global Technology Research at Wedbush Securities. Dan, I'm glad you're back with us. The last time we spoke, you said that these tariffs have caused a big economic battle, which will restore our technology for many years, and now we have Apple hit more than $3 trillion. Where are you sitting on the surface of technology today, given these negotiations?
00:34 Dan Ives
Yes, it was a dark day. I mean, I'm talking with you and Julie, and I think it's better today than it was then because these tariffs are given a month to two, you know, pause or exemption, whatever you want to call it. This is also the space for negotiations with China. So, I think investors see it as breathing space. You still won't see any kind of guidance during the income and income season, but I think it's definitely a step to the cliff relative to where we were last week.
01:23 Speaker a
2. I got caught Well, I caught a lot of things from a lot of followers on those dark days.
02:15 Dan Ives
I mean, if you think these will eventually remain in effect, you're never going to be bullish on another technology stock. I mean, our point is that it will be negotiated with something that is easier to contain. That's the tech company, the car company from Tesla to GM to every tech company in the supply chain. But the reality is that the industry speaks, 10 years of speech, dollar speaks, and then they need to come back. They need to go back to some area where they will be able to negotiate on the White House, and I think that's how the market reads this book.
03:49 Speaker a
It sounds like you are reading, like these negotiations will be on the technology. To what extent do you think Trump has invested in U.S. technology stocks?
04:11 Dan Ives
I do think there is. II Finally thought, you know, a lot of you are back, I tell you, 25 years of doing this com bubble, financial crisis, Kuved and everything in between. This was the craziest two weeks of my career. The most terrifying thing about what it does to the technology field in the United States and the issues we are dealing with is that I do believe like speaking in the market and speaking in industry leaders, there is no choice, no choice. Now, I'm not saying, do you still need some minimum generation, mutual tariffs? Yes. But in its current form, it cannot maintain this state at this speed. I think it's just the reality of the situation, not just behind the microphone, which is what the industry sees.
