The iShares Global Tech ETF ( IXN ) is a passively managed exchange-traded fund designed to provide investors with diversified exposure to the global technology sector. With the expectation of continued investments in AI going into 2026 both domestically and abroad, I believeMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent ov ...

The iShares Global Tech ETF ( IXN ) is a passively managed exchange-traded fund designed to provide investors with diversified exposure to the global technology sector. With the expectation of continued investments in AI going into 2026 both domestically and abroad, I believeMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent ov ...

Core Viewpoint - Apple Inc. is facing significant market challenges due to new tariffs affecting its supply chain in China, Vietnam, and India, leading to a substantial decline in its stock price and market value [1][2]. Group 1: Stock Performance - Apple shares have dropped 19% since the announcement of new tariffs, marking the worst three-day performance since 2001, resulting in a loss of over $637 billion in market value [2]. - The CBOE Apple VIX has surged to levels not seen since September 2020, indicating increased market volatility and concern among investors [6]. Group 2: Financial Outlook - The introduction of tariffs has created a dilemma for Apple, forcing the company to choose between raising prices or accepting reduced profits, which poses a significant challenge [3]. - Analysts are cautious about Apple's near-term outlook, focusing on the potential impact of tariffs and a slowdown in growth markets on the company's financial health [4]. Group 3: Valuation Metrics - Apple's current valuation stands at approximately 23.5 times forward earnings, the lowest in over two years, although still slightly above the 10-year average [7]. - The price-to-free-cash-flow ratio is at 27.97x, down from a five-year high of 38.60x, indicating a correction in valuation concerns amid tariff-related risks [7][8]. Group 4: Potential Recovery - A resolution to the tariff situation could lead to a relief rally for Apple, similar to past exemptions secured during previous administrations [9]. - Investors may consider buying Apple stock at its corrected valuation, with exposure also available through Apple-heavy ETFs to mitigate company-specific risks [10][11].