0810 GMT - The Trump administration's tariff exemption for some tech products leaves the sector in limbo, Jefferies analyst Charles Brennan writes in a note. Tariffs are still higher than at the start of the year and uncertainty remains, he says. Therefore, the decision-making process for companies is unlikely to return to normal, Brennan says. "With the shares trading toward the middle of typical valuation ranges, there is insufficient valuation support to feel confident looking through the macro noise," the analyst says. Shares in Infineon Technologies and STMicroelectronics trade 3.3% and 2.8% higher, respectively. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 04:10 ET (08:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.