Apple looks to India, Micron adds surcharge: Trending Tickers

00:00 Adam Shapiro

Now clip for immoderate of today's trending tickers. You tin scan the QR codification beneath to way the champion and worst performing stocks of the league with Yahoo Finances Trending Ticker's page. Joining maine present onset, we've got our precise ain Alexandra Canal, and we're taking a look astatine a mates of tech names making changes amid President Trump's tariff policies. So let's speech astir Apple and Micron. First up, Apple, readying to displacement much iPhones to the US from India to offset tariffs connected China. That's according to the Wall Street Journal report. New tariffs connected goods from China could rise the terms to manufacture an iPhone by implicit 45%, from $580 to $850. That's according to Tech Insights. Because of this, immoderate consumers are rushing to upgrade earlier tariffs tin instrumentality effect. Uh I'm checking my exemplary close now. I'm astatine a 12 Pro Max.

00:55 Alexandra Canal

I've been reasoning astir it. I dropped my telephone beauteous often, truthful it's benignant of cracked close now, and I'm wondering bash I conscionable person to spell invest.

01:04 Adam Shapiro

I deliberation you mightiness conscionable request to get a tempered solid screen.

01:07 Alexandra Canal

I know, I know, that's 1 of my problems here, but it it truly goes to amusement that tariffs are evidently apical of caput for investors, but besides apical of caput for mundane consumers erstwhile it comes to the products that we usage each azygous day. Like we were conscionable discussing, a batch of consumers weighing whether oregon not you spell and upgrade your phone, you get a caller iPhone. There's besides been a batch of consumers going retired determination and trying to instrumentality vantage of deals from immoderate of their telephone carriers similar Verizon due to the fact that there's been immoderate speculation that erstwhile the tariffs deed those types of discounts and promotions could spell away. And I mean Apple shares, they've conscionable been rocked by these tariffs disconnected 17% implicit a five-day period. Over $600 cardinal has conscionable been wholly eliminated from the banal implicit toward the lows of the 52-week range. Um and it's absorbing due to the fact that Apple is readying to walk $500 cardinal successful the United States, which we cognize Trump loves. He's talked astir that often, but this is simply a institution that's precise exposed to a batch of those heavy tariffed areas similar you deliberation China, India, Vietnam, Thailand. So it'll beryllium absorbing with the magnitude that they're readying to put successful the US, that leads to immoderate exemptions oregon possibly a de-escalation of sorts successful the coming days and weeks ahead. And you know, truthful acold nary no reciprocal tariffs person been implemented yet, but that's each readying to travel tomorrow.

02:53 Adam Shapiro

You know, 1 of the reasons I request a caller iPhone is due to the fact that I can't adjacent instal immoderate apps close present due to the fact that it requires iOS 17 oregon greater and um

03:04 Alexandra Canal

You decidedly request a caller iPhone though.

03:07 Adam Shapiro

Oh yeah, has to happen. Next up, let's speech Micron. It's going to enforce a surcharge connected immoderate products starting Wednesday arsenic tariffs footwear successful according to Reuters. Micron has manufacturing facilities successful China, Taiwan, Japan, Malaysia, and Singapore, each taxable to tariffs nether President Trump's policies. So we're taking a look astatine shares here. They are higher by astir 3.3%.

03:35 Alexandra Canal

Yeah, but precise akin communicative to Apple, right? I mean down 20% implicit a five-day period, debased extremity of the 52-week range, similar we conscionable said, heavy exposed to those tariffed countries. They bash person US customers that see exertion companies, automotive companies. So imaginable trickle-down effect connected the interaction that we could spot connected the user broadside arsenic well. Now what's absorbing present is that semiconductors were exempt from these reciprocal tariffs, but for a institution similar Micron, that conscionable makes up a information of their portfolio. And they did pass past period during their net telephone that look, they are going to person to rise prices connected those consumers. How overmuch and the strength of that remains to beryllium seen. Uh but again, it conscionable goes to amusement however large tech is truly susceptible to a batch of these tariffs and besides depending connected what we spot with EU retaliation, it besides has maine reasoning astir anti-trust and what laws the EU could perchance accidental immoderate of these US companies are violating. So there's a large ripple effect present that truly goes beyond tariffs erstwhile we deliberation astir immoderate of the retaliate retaliation, I should say, from these bigger countries.

05:02 Adam Shapiro

Yeah, you know, for Micron it's besides going to travel down to what they're saying astir request erstwhile they yet bash study earnings. We're weeks distant from that. However, reasoning done what the request illustration and the reception is to them perchance raising prices oregon adding the surcharge connected and what they're proceeding from customers.

05:27 Alexandra Canal

Yeah, request and past besides however heavy these companies are continuing to walk connected AI. I mean, we cognize that's been a large precedence for investors, but if these tariffs are going to yet deed profits, are they going to propulsion backmost astatine each and however volition we spot that reflected successful the banal price?

05:42 Adam Shapiro

Spot on, Alex. Thanks truthful overmuch for taking some.