00:00 Spokesman a
Large technological shares leading market profits today, with the NASDAQ 100 officially deleting losses of the year. The magnificent seven add more than $ 800 billion in market value after the US -China deal to temporarily reduce tariffs. Joining us now with more, Dan Ives, Wedbush Securities Global Technological Research. Dan, it’s great to have, as always. I know you say that this truce is the best scenario. Which technological stock is the largest winner within this scenario?
00:29 Dan Ives
I think these are Apple and NVIDIA. I mean, if you look at this, it was the black cloud, right? I want to say that the heart of the supply chain and lungs are in China. And, and as much as you can talk about moving to India and others, this is a huge sigh of relief. And, and I think this is changing our opinion that, you know, new maxima for technology, new maxima for the market, now on the table after what we just look at as a dream scenario, this weekend happened.
01:08 Spokesman a
Well, Dan, let’s talk a little about Apple. I know you called the iphone of $ 3500 if the production was returned to the United States. What is your iPhone Call today?
01:21 Dan Ives
Look, it comes down to. I want to say that they will have to struggle not to raise prices. If you are actually, they do not receive exceptions and you actually maintain a tariff when it comes to China. Look, all this comes down to the reality that the iPhone should be done in China. Some can be made in India. They can never be made in the US because if you want to do in the US, the price points would be a mass destruction of demand on the first day. And it will take four to five years to build even 10% of that in the United States. That is why our whole meaning in the last, called six weeks, was, let’s talk about reality against the story. And the reality is that the iPhone will continue to be built in China, some of which are built in India.
02:51 Spokesman a
How do you explain reality against a framework negotiations, thinking about a deal when there is still no clarity on the purpose of these tariffs?
03:08 Dan Ives
Look, I think they both play poker. And especially us, they look at their hand, it’s not a good hand, right? And I think they had to move backwards than the rock with regard to what was seen with the delay of reciprocal ones. And obviously when it came to China, because load data are not hidden and the price points do not lie. And whatever CEOs say publicly, behind closed doors, what they say to the White House, you have to change, you have to move. So our opinion is like, even when it comes to 30%, I want to say, this is probably the high tape. This applies to what he called reciprocal 15%, 20%. Once you work at WTO IP and all other problems will have to be done next year. But you don’t want to separate when it comes to AI Revolution. And I think it was, you know, the potential moment of a black swan that was self -created, which is no longer there.
04:42 Spokesman a
And Dan, I suppose, is there Lou Basans there is a question for you.
04:46 Lou Basans
So, Dan, I just want to talk to you more about Apple. I feel that earlier in the show, I said, this time of year, everyone is a little negative about Apple. How worried about price sensitivity, right? I want to say that the user is super loyal to Apple, 2.5 billion devices there. You have many subsidies. Does it matter if the price of the iPhone is a little higher than expected? I mean, do you really think this affects the demand?
05:17 Dan Ives
Yes, no, that’s a great question. Look, I want to say that the last thing Apple wants to do is raise prices. And they have maintained the prices mainly the same. The reason is that you called 300 million iPhone that has not upgraded for four years. So, if even 3%, 4%, 5%of that, it can be delayed in one year due to an increase of $ 100 or just $ 150. This doesn’t want Apple, but they are from the supply chain. But when it comes to going to WWDC and iPhone 17 and apparently AI, I want to say that this is a key period for them to see growth with respect to a high one -digit, double -digit growth that is obviously avoided, you know about Apple’s history over the last few years.
06:39 Lou Basans
Dan, a quick tracking. Earlier in the show, I said that the MAG 7 is a boy group like an NSYNC that falls apart. Who would be yours? And I love nsync. I love nsync. Yes, look who would be your Justin Timberlake, though for the breakthrough? You said Apple and NVIDIA. If you had to choose one for the best break for investors at the moment, which one are you most optimistic after that from this trade truce?
07:15 Dan Ives
If there were as A, if it was as part of Timberlake from NSYNC, it would have to be NVIDIA. I want to say, and look, Jenson, we will see what happens to the black leather jacket, if he had to, you know, do it for a boy group. But look, I think the reality is that I think it is making all the new, new high ones for all time, because there is only one ship in the world that nourishes the AI revolution and this is guided by the godfather of AI, Jensen Nvidia.