Trump's Tariffs Are a Bruising Defeat for the AI Industry

If you follow tech stocks, there's probably one thing on your mind today: Donald Trump's tariffs. Yesterday, Trump announced his long-teased "reciprocal tariffs" on foreign imports coming into the US. Among them are a 32 percent tariff on Taiwan, 24 percent on Japan, 26 percent on India, and 34 percent on China — all major players in the global tech trade. As a result, the magnificent seven (M7) stocks — a stock trader term for the current whales of the tech industry: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — are in a freefall today, as investors sell off their shares to brace for economic uncertainty. Among the tech industry, the stagnant AI sector is being hit particularly hard, as energy costs are anticipated to skyrocket along with the cost of important resources like steel, precious minerals, and semiconductors. As such, the cost to build and run data centers, the massive facilities that make AI computing possible, is expected to spike as the supply chain ad ... Read full article.