MarketBeat·2025-04-18 11:16Core Viewpoint - The recent exemption of certain tariffed products from China by President Trump is expected to alleviate supply chain concerns for major technology stocks, particularly benefiting companies like Apple and HP, while NVIDIA faces more complex challenges due to semiconductor bans [2][3][13]. Company Analysis Apple Inc. (AAPL) - Apple is likely to benefit from the tariff exemptions, as it plays a significant role in consumer electronics and has strong brand loyalty, which positions it favorably in the market [3][5]. - The stock has rebounded by 6.1% recently and is trading at 78% of its 52-week high, indicating a potential return to a neutral or bullish trend [6]. - Analysts from Citigroup have reiterated a Buy rating on Apple with a price target of $245 per share, suggesting a potential upside of 21.2% from current levels [7]. HP Inc. (HPQ) - HP, similar to Apple, is heavily reliant on Chinese manufacturing, making it vulnerable to trade tariffs; however, the recent developments may provide relief for its supply chain [8][9]. - The consensus price target for HP is $35.09 per share, indicating a potential upside of 47.9% from its current trading price [9]. - HP's stock has fallen to 60% of its 52-week high, making it an attractive buy for investors looking for value in the current market [10]. NVIDIA Corporation (NVDA) - NVIDIA faces challenges due to recent bans on selling H20 chips to China, which complicates its position in the semiconductor market [13]. - Despite the volatility, there is a decline in short interest by 9.2% over the past month, indicating a potential shift in sentiment among bearish traders [15]. - NVIDIA currently holds a Moderate Buy rating among analysts, but it is not considered a top buy compared to other stocks [16].