‘Huge Win for Bulls,’ Wedbush’s Ives Cheers US-China Trade Breakthrough

The latest breakthrough in U.S.-China trade negotiations sparked a wave of optimism on Wall Street, with Wedbush analyst Daniel Ives calling it a “huge win for bulls.” The deal, which includes mutual tariff reductions and a new 90-day truce for further talks, marks a key de-escalation in the U.S.-China trade tensions. It’s viewed as an important move toward calming global markets and restoring investor confidence after prolonged uncertainty.

Notably, U.S. tariffs on Chinese goods are now reduced from 145% to 30% and Chinese tariffs on U.S. goods from 125% to 10%.

Ives Applauds US-China Tariff Deal

According to four-star-rated analyst Ives, the trade deal is a big positive for tech stocks, as it eases major supply chain worries.

After the weekend’s tariff news, Apple (AAPL) jumped more than 6%, Amazon (AMZN) surged over 8%, and Nvidia (NVDA) climbed 5.4%. These companies are deeply tied to China for manufacturing and supply chains, making them particularly responsive to changes in global trade policies. Lower tariffs cut production costs, lifting margins, while better trade conditions spur consumer and business spending.

However, Ives pointed out that challenges like chip restrictions (such as with H20 and Nvidia) and broader AI-related tensions still need to be resolved in a larger agreement. Overall, he believes that the latest development is a major win for bullish investors and a “best-case scenario” for bullish investors.

Which Tech Stock Has a Strong Buy Rating From Analysts?

Using the TipRanks Stock Comparison Tool, we compared three above mentioned three tech stocks to see which is most favored by Wall Street. Both Nvidia and Amazon hold a Strong Buy rating from analysts, while Apple carries a Moderate Buy, indicating slightly more cautious optimism toward the iPhone maker.

Additionally, Nvidia’s stock price target of $164.35 offers an upside of over 30% from current levels.