ET Graphics: How geopolitics influences technology

Global technology stocks are caught in the tumult caused by Donald Trump’s tariff tantrums. After plunging on April 3 when Trump announced high tariffs on countries across the board, they bounced back on April 9 when the US president paused planned tariffs — apart from the 10% minimum — while slapping a 145% levy on trading rival China.

Although trade pressures may increase the cost of AI infrastructure projects, Big Tech companies look undeterred indicating continued confidence in the disruptive technology. But factoring in caution for oversupply, some companies are also reassessing expansion plans.