Group 1: Trade War Impact on Companies - The trade war initiated by President Trump has left several high-profile companies vulnerable, with Walmart indicating a need to raise prices due to tariff pressures, while Home Depot plans to stop carrying certain items instead of raising prices [2] - Apple faces significant exposure to tariffs, estimating a potential cost of $900 million in the fiscal third quarter as it adjusts its supply chain to source products from India instead of China [5][8] - Intel has been awarded up to $7.87 billion in funding from the CHIPS Act, but its future remains uncertain due to its significant debt of around $50 billion and challenges in the competitive semiconductor market [10][12] Group 2: Company-Specific Challenges - Apple’s reliance on discretionary consumer spending means that a recession or increased prices could lead to reduced consumer demand for its products, which are primarily smartphones, tablets, and computers [6][9] - Intel's market share has been declining, particularly against AMD in PCs, and its efforts to penetrate the AI market have not met expectations, with its Gaudi 3 accelerator missing a $500 million sales target for 2024 [10][12] - Both companies are at risk from a potential recession triggered by the trade war, with Intel particularly vulnerable due to its cyclical business model and reliance on PC sales, which could decline significantly in a downturn [11][13]